Home » Cryptocurrency News » Cryptocurrency News » Latvian airline airBaltic adds Dogecoin and Ether as payment options Latvian airline airBaltic adds Dogecoin and Ether as payment options March 29, 2021 The national carrier began accepting crypto payments in 2014.
1965 Total views
14 Total shares
Passengers flying with Latvian airline airBaltic now have more cryptocurrency payment options.
According to an announcement on the airline’s website on Monday, passengers can now pay for flight tickets using Ether (ETH) and Dogecoin (DOGE).Other accepted virtual currencies include Bitcoin Cash (BCH) as well as four U.S.dollar-pegged stablecoins: USD Coin (USDC), Binance Dollar (BUSD), Gemini Dollar (GUSD) and Paxos (PAX).
The airline began accepting Bitcoin (BTC) payments back in July 2014.Indeed, the Latvian national carrier is touted as being the first airline in the world to offer cryptocurrency payment options.
As part of its announcement, airBaltic clarified that despite accepting crypto payments, ticket prices are not denominated in the supported cryptocurrencies.The prices are displayed in euros with cryptocurrency payment gateway service BitPay handling the conversion of virtual currency payments to fiat upon ticket purchase.
Commenting on the airline’s decision to expand its supported crypto payment options, airBaltic CEO Martin Gauss stated:
“As an innovative airline, we always strive to search for ways to improve the customer experience starting from the booking process.
Over the years around 1,000 clients have used the payment option, which may not seem like a lot, but still offers passengers a unique payment option hard to find elsewhere.”
Crypto adoption is gaining momentum in the travel and hospitality industry with travel agencies, airlines and hotels allowing customers to make bookings using cryptocurrencies.
Crypto-friendly travel agencies like Travala boast an extensive network of supported airlines and hotels that accept virtual currency payments.
Apart from flight tickets and bookings, the aviation industry is also deploying blockchain technology for a variety of use cases.The need for digitization amid the ongoing coronavirus pandemic seems to have also encouraged a greater focus on utilizing the emerging tech.
Back in February, Air France announced a pilot scheme that would involve using a blockchain-based system for verifying COVID-19 test results of passengers.Share this: Alleged Bitcoin Mining Scam Reported in Thailand Victims of an alleged cryptocurrency mining scam have filed claims against the suspected perpetrator with the Technology Crime Suppression Division in Thailand, the Bangkok Post reports on Feb.
18.Per the report, 30 people have filed a complaint with police, stating that they were fooled into an alleged investment scam called “CryptoMining.Farm.” This purportedly led the… Study: Pump and Dump Schemes Account for $7 Million of Monthly Trade Volume A recent study has found that pump and dump schemes account for about $7 million worth of trading volume per month, MIT Technology Review reported Dec.4.
The analysis was performed by researchers Jiahua Xu and Benjamin Livshits at Imperial College London.A pump and dump scheme is a form of securities fraud that has also… Amazon Web Services Announces Cryptography-Using Quantum Ledger Database Amazon Web Services, Inc., an Amazon.com company, announced that the Amazon quantum ledger database (QLDB) was now available.Transparent and immutable transaction logAccording to a post on Sept.10 from Amazon Web Services (AWS), the newly available Amazon QLBD is a new class of database that provides a transparent, immutable and cryptographically verifiable transaction log owned… Bitcoin Price Can Hit $8.8K But BitMEX Signals Warning — Tone Vays Bitcoin (BTC) clinched a third day trading above $8,000 on Jan.13 as weekend trading failed to take away bullish momentum.Cryptocurrency market daily overview.Source: Coin360BTC: major resistance only at $8,800Data from Coin360 and Cointelegraph Markets showed BTC/USD begin the week at just over $8,100.After exiting the $7,000 range on Friday, Bitcoin managed to… DeFi and NFT tokens rally higher as Bitcoin price drops below $19,000 Bitcoin (BTC) and other major altcoins are either stuck in a range or are witnessing a correction.
However, that is not the case with the entire crypto space because a few tokens have been outperforming major cryptocurrencies by a considerable margin.In a world where yields have plunged to negligible levels, the DeFi ecosystem has attracted… Tunisia Internet Agency Signs Strategic Partnership With Blockchain Platform The Tunisia Internet Agency (ATI) is going provide hosting services for the Russian blockchain platform Universa, according to a press release shared with Cointelegraph on Dec.19.Founded in 1996, the ATI is a governmental body run by the Ministry of Communications with the objective to promote Internet usage in the country.Per the release, the ATI… Price Analysis 17/08: BTC, ETH, XRP, BCH, LTC, BNB, EOS, BSV, XMR, XLM The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph.Every investment and trading move involves risk.You should conduct your own research when making a decision.Market data is provided by the HitBTC exchange.The global amount of debt with negative yields ballooned up to $15… Canadian Exchange Bitbuy to Offer 1:1 Bitcoin Deposit Insurance Toronto-based cryptocurrency exchange teams up with a local security firm to offer full security against “the unthinkable”.370 Total views 26 Total shares Toronto-based cryptocurrency exchange, Bitbuy, now offers full insurance on all Bitcoin (BTC) deposits in an apparent first for the industry, according to a press release shared with Cointelegraph on May 27.The platform… Crypto in Cuba Faces Challenges Despite Growing Adoption, Overview Following the roll-out of mobile internet across the country in 2018, many ordinary Cubans are increasingly using cryptocurrencies to bypass economic sanctions imposed by the United States and access the global marketplace.Despite growing adoption, cryptocurrencies still face a number of challenges in Cuba, including limited access to crypto exchanges, lack of a pertinent regulatory apparatus… Leave a Reply You must be logged in to post a comment.
Search.
