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Vueling is partnering with crypto-payment provider BitPay to integrate the new payment method in 2023.
- Travelers will be able to buy airline tickets with Bitcoin and 12 other cryptocurrencies.
- Vueling partnered with BitPay and UATP.
- Claims to be the first low-cost airline in Europe to adopt cryptocurrencies.
Looking to exchange businesses that allow customers to trade cryptocurrencies for fiat money or other cryptocurrencies. some of your cryptocurrencies to travel around Europe? This airline will let you do it.
Vueling Airlines a Spanish airline owned by International Consolidated Airlines Group (IAG), announced Thursday that it is adopting crypto-payments for the purchase of airline tickets. In a press release the company indicated that it has partnered with cryptocurrency cryptocurrencies are digital currencies that use cryptographic technologies to secure their operation. payment provider BitPay bitPay is a Bitcoin payment service provider. to carry out the integration.
“With this agreement, Vueling reaffirms once again its positioning as a digital airline. We are very pleased to have found in BitPay the best partner to offer our customers the possibility to make transactions with cryptocurrencies with the highest security the term securities refers to a fungible and tradable financial instrument that carries a type of monetary value. and reliability”. he said Jesús Monzó, director of distribution strategy and alliances at Vueling .
The agreement will allow travelers to pay for their airline tickets at more than 13 different digital digital technologies are these electronic tools that have the ability to generate, store or even process data. currencies including Bitcoin the biggest and most popular cryptocurrency in the world. It is a decentralized digital currency that enables users to make trustless peer-to-peer transactions. , Ethereum a decentralized open-source blockchain with smart contracts functionality. y Dogecoin .
. @vueling joins forces with #BitPay and UATP to accept cryptocurrencies as an alternative method of payment. Read more: https://t.co/65LXN0nhgG #crypto#cryptopayments #bitcoin pic.twitter.com/fB6aaDwhqs
– BitPay (@BitPay) June 16, 2022
Traveling with cryptocurrencies in Europe
Vueling which offers flights to more than 140 destinations, said it will use technology from UATP, the global payment network a network refers to all nodes in the operation of a blockchain at any given moment in time. for the airline industry, to build the infrastructure needed to integrate cryptocurrencies. Ticket prices will be displayed in euros, but customers will be able to cancel with the cryptocurrency of their choice from more than 100 wallets.
The alternative of paying with Bitcoin and other digital assets will be available by the beginning of 2023, announced Vueling in the statement. While the airline did not indicate a specific date, said that travelers will be able to access the option a contract giving the buyer the right, but not the obligation, to buy or sell an underlying asset or instrument at a specified strike price. of cryptopayments directly from the website of the airline. Vueling .
The Barcelona-based company said that the partnership makes it the first company in the world to first low-cost airline in Europa in accepting cryptocurrencies as a payment method . He also praised cryptocurrencies for offering an innovative form of automatic payments that allows you to eliminate ” transaction fraud and phishing when a scammer pretends to be a trusted institution or person to trick people into revealing sensitive information such as Social Security numbers, passwords, banking details, etc., often through a malware link disguised as legitimate. “.
“Vueling recognizes the potential of cryptocurrencies to transform the airline industry, making payments faster, more secure and less expensive on a global scale.” commented Merrick Theobald vice-presidente de marketing de BitPay who emphasized the supplier’s belief that “. las criptomonedas son el futuro de los pagos “.
UATP representative Rachel Morowitz also spoke about the initiative. She called the integration of cryptocurrencies a ” essential in this digital age”. and added his conviction that this measure would satisfy “the growing demand from Vueling customers to pay with cryptocurrencies”.
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Article by Hannah Estefania Perez / DiarioBitcoin
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