Passengers of the Latvian airline airBaltic now have several payment options for cryptocurrencies.
Passengers can now pay with Ether (ETH) and Dogecoin (DOGE), according to an announcement on the airline’s website on Monday. Other accepted virtual currencies include Bitcoin Cash (BCH), as well as four US dollar denominated stablecoins: USD Coin (USDC), Binance Dollar (BUSD), Gemini Dollar (GUSD), and Paxos (PAX).
The airline began accepting Bitcoin (BTC) payments back in July 2014. The national airline in Latin America is already being described as the first airline in the world to offer payment options in cryptocurrencies.
As part of the announcement, airBaltic stressed that despite the adoption of cryptocurrencies, ticket prices are not expressed in the supported cryptocurrencies. Prices are quoted in Euros with BitPay Cryptocurrency payment gateway service, which deals with converting virtual currency transactions into fiat currency when tickets are purchased.
Commenting on the airline’s decision to expand the range of supported cryptocurrencies, Martin Gauss, CEO of AirBaltic, said:
As an innovative airline, we always strive to find ways to improve the customer experience during the booking process. Over the years, nearly 1,000 customers have used a payment option that may not work very often, but still provides riders with a unique payment option that is hard to find anywhere else. ”
The adoption of cryptocurrency is gaining traction in the travel and hospitality industry as travel agencies, airlines and hotels allow customers to place orders using cryptocurrencies.
Cryptocurrency-friendly travel agencies like Travala boast an extensive network of supported airlines and hotels accepting virtual currency payments.
In addition to flights and reservations, the aviation industry also uses blockchain technology for a variety of purposes. It appears that the need for digitization in the midst of the ongoing Coronavirus pandemic has prompted more focus on the use of new technology.
Last February, Air France announced a pilot scheme that includes the use of a blockchain-based system to validate passenger test results for COVID-19.