Spanish Airline Vueling to Accept Crypto Payment from 2023
Vueling S.A., a Spanish low-cost airline based in Greater Barcelona, says it will start accepting 13 different cryptocurrencies as payment for its flight service starting from 2023. The airline listed the cryptocurrencie...
Archive context
Older archive item. Useful for background and entity history, but not a fresh market-moving signal.
Vueling S.A., a Spanish low-cost airline based in Greater Barcelona, says it will start accepting 13 different cryptocurrencies as payment for its flight service starting from 2023.
The airline listed the cryptocurrencies to include Bitcoin (BTC), Bitcoin Cash (BCH), Dogecoin (DOGE), Ethereum (ETH), Litecoin (LTC), Shiba Inu (SHIB) and Wrapped Bitcoin (WBTC), among others.
Tickets prices will be in Euros and customers will be able to pay for flights from more than 100 wallets, the airline further said, adding that the service will be available for individuals only.
Vueling, a part of the International Airlines Group, an Anglo-Spanish multinational airline holding company, announced the decision on Thursday in a statement.
The company explained that it has entered into an agreement with BitPay, the world's largest provider of Bitcoin and cryptocurrency payment services, to see to the move.
Additionally, Vueling intends to use the global payment solution of UATP, a platform operated by the global airlines to connect to alternative forms of payment.
Future of Payment
In the statement, Jesús Monzó, the Manager of Distribution Strategy and Alliances at Vueling, noted the airline’s agreement with BitPay reaffirms its position as a digital airline.
“We are very pleased to have found in BitPay the best partner to offer our customers the possibility of making transactions with cryptocurrencies with the greatest security and reliability,” Monzó said.
On his part, Merrick Theobald, the Vice President of Marketing at BitPay, explained that Vueling recognizes the potential of cryptocurrencies to transform the airline industry by making payments faster, more secure and less expensive on a global scale.
“Our goal at BitPay is to make the acceptance of cryptocurrencies a seamless process and increase its adoption, as we believe that cryptocurrencies are the future of payments,” Theobald added.
Rachel Morowitz, UATP’s SVP Partner, Processing, noted that offering cryptocurrency as a form of payment to the public is “a must in this digital age of payments.”
“UATP and BitPay partnered to bring this option to the airline industry and is fulfilling the rising demand of Vueling's customers to pay with cryptocurrency,” Morowitz added.
This article was written by Solomon Oladipupo at www.financemagnates.com.Why this matters
This cryptocurrency story adds another data point to the current market tape and is useful when read alongside nearby source coverage.
Original source
Read on Finance MagnatesRelated market context
Aztec Revives Its Private Payments Wallet, Capping Every Transfer Below $2,500
Aztec Labs relaunched zk.money on Tuesday, bringing back its self-custodial wallet for private stablecoin payments on Aztec Networ...
HSBC prepares RedCoin stablecoin launch with payments in focus
HSBC's RedCoin launch could accelerate stablecoin adoption, influencing global banking practices and enhancing digital transaction...
Ripple No Longer Member of BIS Cross-Border Payments Task Force
Ripple confirmed to Bitcoin.com News that it is no longer on a Bank for International Settlements (BIS) cross-border payments task...
Federal Reserve’s Waller embraces AI, stablecoins, and tokenization as future of payments
Waller's embrace of AI and stablecoins signals a shift towards modernizing payment systems, potentially reshaping regulatory and f...
Aztec Labs relaunches zk.money for private payments on Ethereum
Aztec Labs' zk.money relaunch could redefine DeFi privacy standards, potentially boosting adoption and innovation in private finan...
Coinbase Faces Hack Cover-Up Allegations as Customers Claim Huge Losses
A public dispute over how Coinbase handles customers who say they lost funds on the exchange has grown over the past week on X, dr...