In order for the Spanish airline to provide this service, they will use the technology provided by UATP, which is the worldwide payment network for the aviation sector, which enables a quick integration process, according to a report by PRNewswire on June 16. Due to this partnership, Vueling will be the first low-cost airline in Europe to accept cryptocurrencies like Bitcoin (BTC) and Ethereum (ETH) as a payment method. Starting in the year 2023, anyone will be able to make use of this service, which will be accessible through the company’s website.
Customers can choose between 13 different cryptocurrencies
The ticket prices will be displayed in Euros, and customers will be able to pay for their flight from more than 100 wallets as well as 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. Manager of Distribution Strategy and Alliances at Vueling, Jesús Monzó, said: Elsewhere, Vice President of Marketing at BitPay, Merrick Theobald, stated: When making a payment with a cryptocurrency, the transaction is a push transaction, which means the user transmits the exact amount, rather than a withdrawal as with regular credit or debit cards. This eliminates the possibility of fraudulent transactions and phishing. Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.
