Crypto Flies High! Bitcoin As Payment For Tickets Now Accepted By Spain’s Biggest Airline

    Crypto is flying excessive this yr, regardless of the sturdy headwinds within the bear market.

    Vueling S.A., a low-cost Spanish airline headquartered within the Greater Barcelona space, has introduced that it’s going to start taking 13 totally different cryptocurrencies as cost for its flying companies starting in 2019.

    Vueling is partnering with BitPay on a deal that can permit clients to pay utilizing quite a lot of cryptocurrencies, together with Bitcoin, Ethereum, Dogecoin, Shiba Inu, Bitcoin Cash, Litecoin, and Wrapped Bitcoin, to call a couple of.

    BitPay is the most important bitcoin cost processor on the earth. In the previous decade, the corporate claims to have processed greater than $5 billion in blockchain-based funds and has operations in Europe, North America, and South America.

    Suggested Reading | Cryptocurrencies Fuel Increase In High Net Worth Population, Survey Shows

    Vueling And Crypto Take Off Amid Market Turbulence

    Vueling would be the first low-cost airline in Europe to just accept bitcoin as cost when it turns into out there. The International Airlines Group, an Anglo-Spanish conglomerate that owns Vueling, is headquartered in London, England.

    This cost methodology will make use of the journey cost answer Universal Air Travel Plan (UATP). In common, UATP supplies cost choices to airways all over the world.

    Crypto whole market cap at $885 billion on the each day chart | Source:

    In a press release, UATP stated:

    “Ticket pricing will be presented in Euros, and users will be able to choose between 13 different cryptocurrencies and more than 100 wallets to pay for their flights.”

    In order to cut back cases of fraud related to this distinctive cost methodology, Vueling has disclosed that the transaction could be a push cost versus a pull cost. This implies that customers would pay straight from their digital forex wallets and provoke the transaction themselves.

    Jess Monzó, supervisor of Distribution Strategy and Alliances at Vueling, acknowledged:

    “Vueling strengthens its status as a digital airline with this deal. We are glad to have found in BitPay the ideal partner to provide our consumers with the most secure and dependable cryptocurrency transaction capabilities.”

    Other Major Airlines Adopt Bitcoin Payment System

    Vueling is neither the primary nor the final airline to enter the cryptocurrency trade. In 2014, AirBaltic partnered with BitPay to develop into the primary airline on the earth to take BTC.

    Image: Twitter

    Simple Flying reported earlier this yr on Emirates’ intentions to just accept Bitcoin as cost, whereas sure airports, notably Brisbane Airport in Australia and Caracas Airport in Venezuela, already settle for bitcoin funds.

    Alternative Airlines, a journey agency headquartered within the United Kingdom, has for a while supplied its worldwide passengers the choice to pay for flight tickets utilizing Bitcoin through Utrust or

    Suggested Reading | Web3 Still ‘Mega-Mega Bullish’ Despite Crypto Mayhem, Polygon Co-Founder Says

    Featured picture from Bitcoin Magazine, chart from

    Source link

    Latest stories

    - Advertisement - spot_img

    You might also like...