Individuals can use 13 cryptocurrencies, including bitcoin and ether, to pay for airfare starting in early 2023.
Despite the fall of cryptocurrencies, more and more big players want to accept cryptocurrencies as a means of payment. After the Beaugrenelle center, it is the turn of the low cost airline Vueling to get started.
The company announced Thursday that individuals will be able to pay in cryptocurrency for their plane tickets from the beginning of 2023. This payment system will be made possible thanks to a partnership with the giant BitPay, a provider of cryptocurrency payment services. founded in 2011. Vueling will also use the technology of the Universal Air Travel Plan (UATP), a payment system used by many players in the airline sector, which integrates this service.
“Ticket prices will be displayed in euros and customers could pay for their flight from more than 100 wallets and choose between 13 different cryptocurrencies”, specifies the company, among offering bitcoin, ether or dogecoin.
“Paying with cryptocurrencies is a push transaction, meaning the user sends the exact amount, rather than a withdrawal like traditional credit or debit cards, eliminating transaction fraud and phishing. “, specifies Vueling.
Second airline, after AirBaltic
If such a measure were to be put in place, Vueling would become the second European airline company to put such a measure in place. Indeed, since 2014, the Latvian company AirBaltic accepts payment in bitcoin. Last summer, it even added 7 other crypto-assets to its payment system, including ether and dogecoin, thanks to a partnership with Bitpay.
“As an innovative airline, we are always looking for ways to improve the customer experience starting with the booking process. Over the years, around 1000 customers have used this payment option, which may seem little, but nevertheless offers passengers a one-time payment option that is hard to find elsewhere,” said Martin Gauss, airBaltic’s Chairman and CEO.
“Ticket prices on the website are displayed in euros. When airBaltic customers pay for their flight, their cryptocurrencies are converted into euros automatically at the current exchange rate by the payment system operator BitPay. AirBaltic does not does not receive payments in cryptocurrencies”, specifies the company.
Apart from these two companies, the airline Emirates announced last month its intention to accept bitcoin as a means of payment.