the spanish airline Vueling Airlines, owned by International Consolidated Airlines Group (IAG)announced last week that it had reached an agreement with Bitpay to allow its passengers to pay with cryptocurrencies.
This functionality that according to will be functional from the year 2023, It will also be used with the technology provided by the UATP, the global payment network for the aviation sector, and through which it would allow a rapid integration process.according to a report by PRNweswire on June 16.
Likewise, They also reported that ticket prices will be shown in euros and customers will be able to pay for their flight from more than 100 wallets, also being able to choose between 13 different cryptocurrencies. such as: Bitcoin, Bitcoin Cash (BCH), Dogecoin (DOGE), Ethereum, Litecoin (LTC), Shiba Inu (SHIB), and Wrapped Bitcoin (WBTC) to pay.
For its part, Jesús Monzó, Director of Distribution Strategy and Alliances at Vuelingexpressed that with the new agreement Vueling reaffirmed its position as a digital airline, and also stressed that they were very happy to join Bitpay as partners.
Instead, BitPay VP of Marketing Merrick Theobald expressed the following: “Vueling recognizes the potential of cryptocurrencies to transform the airline industry, making payments faster, more secure and less expensive on a global scale”
“UATP and BitPay have partnered to bring this option to the airline industry and it is meeting growing demand from Vueling for customers to pay with cryptocurrencies.”he pointed.
Secondly, UATP representative Rachel Morowitz called this integration of new payment methods as “essential in this digital age” and concluded by showing his conviction that this measure will satisfy “the growing demand of Vueling customers to pay with cryptocurrencies”.
Disclaimer: The information and/or opinions expressed in this article do not necessarily represent the views or editorial line of Cointelegraph. The information set forth herein should not be taken as financial advice or investment recommendation. All investment and commercial movement involve risks and it is the responsibility of each person to do their due research before making an investment decision.
It may interest you:
Investments in crypto assets are not regulated. They may not be suitable for retail investors and the full amount invested may be lost. The services or products offered are not aimed at or accessible to investors in Spain.