The largest Spanish airline, Vuelingsaid it will accept 13 different cryptocurrencies as payment for its flight services starting in 2023. The company has partnered with bitpay and UATP to offer the new payment service option.
Vueling will use the cryptos as payment for airline tickets.
To build the infrastructure for the new service, the airline will partner with the payment provider crypto bitpay. In addition, he will collaborate also with I’UATPa network provider of payment for the aviation sector.
Head of Distribution Strategy and Alliances at Vueling, Jesus Monzosaid : “With this agreement, Vueling once again reaffirms its position as a digital airline. We are very happy to have found BitPay the best partner to offer our customers the possibility of carrying out transactions with cryptocurrencies with the greatest security and reliability”.
Through these partnerships, Vueling will be the first low-cost airline in Europe to accept Bitcoin as a means of payment. Initially, this option was only available for individuals on the site of Vueling.
In order to reduce the incidence of fraud through this new method of payment, Vueling revealed that the transaction will be a payment push rather than a pull payment. This means that customers will pay directly from their crypto wallets by carrying out transactions themselves. Furthermore, prices will be displayed in euros and users will be able to pay freely in any of the 13 cryptocurrencies. This includes Bitcoin (BTC), Ethereum (ETH), Dogecoin (DOGE), Litecoin (LTC)) and bitcoin cash (BCH) and many others.
To discover: Russia will not allow crypto payments on its territory.
Rachel Morowitzsenior vice president of processing partnerUATPhas noted that making cryptocurrencies available to the public as a method of payment is “a necessity in the age of payments digital“.
” UATP and BitPay have partnered to bring this option to the airline industry and meet growing customer demand for Vueling to pay with cryptocurrencies.”
Adoption crypto airlines
Whereas Vueling SA will be the first low-cost European airline to accept cryptosshe will not be the first to take the step. Emiratesbased in Dubai, recently revealed that it is soon accepting bitcoin for the plane ticket plan.
For some time time alreadythe UK-based travel company Alternative Airlines offers its customers on the world stage the possibility of paying for their plane tickets with bitcoins. This via one of the two payment providers crypto, Utrust and crypto.com.
Nevertheless, the Latvian airline airBaltic began to accept cryptos as payment for airline tickets in 2014. Making it the first airline to do so. Others have since followed suit, especially with the growing interest and apparent widespread adoption of cryptocurrencies.
Bonus: The President of Panama vetoed the crypto bill, calling for tougher AML measures.