E Amazings
  • Home
  • Automotive
  • Business
  • CBD
  • Crypto
  • Education
  • Entertainment
  • Fashion
  • Finance
  • Health
  • Home Improvement
  • Law \ Legal
  • News
  • Shopping
  • Sports
  • Technology
  • Travel

Subscribe to Updates

Get the latest creative news from FooBar about art, design and business.

What's Hot

Opening Bell: Nifty, Sensex start flat; energy, metal, IT stocks shine

June 30, 2022

Oil prices stable as market weighs fuel stocks build amid supply concerns

June 30, 2022

Anil Singhvi Strategy on June 30: Support zone on Nifty is 15675-15750 and Bank Nifty is 33000-33125

June 30, 2022
Facebook Twitter Instagram
E Amazings
  • Home
  • Automotive
  • Business
  • CBD
  • Crypto
  • Education
  • Entertainment
  • Fashion
  • Finance
  • Health
  • Home Improvement
  • Law \ Legal
  • News
  • Shopping
  • Sports
  • Technology
  • Travel
Facebook Twitter Instagram
E Amazings
You are at:Home»Crypto»Spanish Airline Giant Vueling Embraces Crypto as a Payment Method
Crypto

Spanish Airline Giant Vueling Embraces Crypto as a Payment Method

Paul EasterBy Paul EasterJune 18, 2022No Comments3 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Share
Facebook Twitter Pinterest WhatsApp Email



One of the largest airline companies in Spain – Vueling – will join forces with BitPay to enable clients to pay for tickets in several cryptocurrencies starting from 2023.

Crypto Takes off With Vueling

According to a recent press release, the Barcelona-based airline will use Universal Air Travel Plan (UATP) technology (a global settlement network in the sector) to integrate the offering more effectively.

Initially, Vueling will support 13 cryptocurrencies, including some of the leading ones by market capitalization, such as Bitcoin (BTC), Ether (ETH), Bitcoin Cash (BCH), Litecoin (LTC), Dogecoin (DOGE), Shiba Inu (SHIB), and others.

Assuming the move sees the light of day in January 2023 (as planned), the Spanish firm will become the first low-cost airline in Europe to say “yes” to digital assets as a payment method.

Jesús Monzó – Manager of Distribution Strategy and Alliances at Vueling – believes the move reaffirms the company’s status as a “digital airline.”

For his part, BitPay’s Vice President of Marketing – Merrick Theobald – said Vueling “recognizes the potential of cryptocurrencies to transform the airline industry, making payments faster, more secure, and less expensive on a global scale.”

The company is the largest airline in Spain in terms of fleet size and the number of destinations. It flies to over 120 locations across Europe, Africa, Asia, and the Middle East.

Earlier this year, Vueling dived into the Metaverse, too. Specifically, it allowed clients to visualize and book their trips with the carrier through distribution channels in the virtual reality.

Crypto and the Airline Industry

Last year Venezuela’s biggest airport – Simón Bolivar International Airport (more popular as Maiquetía) – revealed its intentions to accept digital assets as a means of settlement. Director Freddy Borges argued that the initiative could boost the domestic tourism sector:

“Just as Russian passengers arrived in Margarita, they will also come to La Guaira through Conviasa, so we must advance in these new economic and technological systems that can be accessed.”

Dubai’s Emirates Airline also presented similar ambitions. A month ago, the firm said it plans to embrace bitcoin as a payment method while also adding NFTs on its website for trading.

Featured Image Courtesy of ESCBubble

SPECIAL OFFER (Sponsored)

Binance Free $100 (Exclusive): Use this link to register and receive $100 free and 10% off fees on Binance Futures first month (terms).

PrimeXBT Special Offer: Use this link to register & enter POTATO50 code to receive up to $7,000 on your deposits.



Source link

Paul Easter

Related Posts

CBDCs Are Natural Evolution Necessary to Protect Fiat Monetary System: Swedish Central Banker  CBDCs an Evolution of Central Banks, Necessary to Protect Fiat Monetary System: Swedish Central Banker 

By Paul EasterJune 30, 2022

Market Selloffs Lead to Rising Inflows of USDC: Circle CEO

By Paul EasterJune 29, 2022

Crypto Winter ‘Weeded out’ Unnecessary Market Participants

By Paul EasterJune 29, 2022

Bitfury’s CEO Explains Why Bitcoin Is Proned for Upcoming Gains

By Paul EasterJune 29, 2022
Add A Comment

Comments are closed.

Our Picks

Opening Bell: Nifty, Sensex start flat; energy, metal, IT stocks shine

By Paul EasterJune 30, 2022

Oil prices stable as market weighs fuel stocks build amid supply concerns

By Paul EasterJune 30, 2022

Anil Singhvi Strategy on June 30: Support zone on Nifty is 15675-15750 and Bank Nifty is 33000-33125

By Paul EasterJune 30, 2022
Recent Posts
  • Opening Bell: Nifty, Sensex start flat; energy, metal, IT stocks shine June 30, 2022
  • Oil prices stable as market weighs fuel stocks build amid supply concerns June 30, 2022
  • Anil Singhvi Strategy on June 30: Support zone on Nifty is 15675-15750 and Bank Nifty is 33000-33125 June 30, 2022
  • Buy, Sell or Hold: What should investors do with AU Small Finance Bank, MMTC and Aavas Financiers? June 30, 2022
  • Stocks to buy today: MTAR Tech, Apollo Tyres, Minda Industries and Bharti Airtel among list of stocks for profitable trade on June 30 June 30, 2022
  • Record-Setting Jumper Tosses Biomimicry Out The Window June 30, 2022
  • Udyami Bharat Programme: PM Narendra Modi to launch several schemes on June 30 to ramp up MSME sector June 30, 2022
Archives
  • June 2022
Facebook Twitter Instagram Pinterest TikTok
  • Home
© 2022 E Amazings - All Rights Reserved.

Type above and press Enter to search. Press Esc to cancel.