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Latvian airbaltic now accepts payments in Ethereum (ETH) and Dogecoin (DOGE)

Latvian airbaltic now accepts payments in Ethereum (ETH) and Dogecoin (DOGE)

Latvian airline airBaltic has joined the growing list of companies accepting crypto assets as payment options for services. The air carrier announced on Monday that it has started accepting multiple cryptocurrencies, including Etherum (ETH) and Dogecoin (DOGE), as payment options for its ticket booking.

The airline also added four USD-pegged stablecoins, BUSD, PAX, USDC, and GUSD to the payment options.

Leading the crypto revolution in the industry

airBaltic made history by becoming the first airline to accept cryptocurrency when it started accepting Bitcoin in 2014.  With the addition of more crypto options, the company is opening the doors for its services to more crypto users.

After airBaltic’s Bitcoin (BTC) acceptance, some other airlines and travel providers followed in its footsteps. However, the acceptance has not been as wide as many crypto enthusiasts have hoped. Even the airline companies accepting cryptocurrencies are limiting it to Bitcoin alone.

But with airBaltic’s bold move, it could be the beginning of wider adoption of other cryptocurrencies within the sector

Providing more payment options for passengers

Martin Gauss, the airline’s Chief Executive Officer, commented on the development, saying that the company strives to search for ways to improve the customer experience starting from the booking process.

He added that about 1,000 clients have paid for their airline tickets since the option was introduced back in 2014. Gauss said it may not be a noteworthy number, but it still gives passengers more options to pay for their flights.

airBaltic stated that despite the crypto payment options, ticket prices are not denominated in the supported crypto assets. The prices are still denominated in euros as usual. BitPay is handling digital currency payments conversion when tickets are purchased with cryptos, the airline said. airBaltic also said it wants to make it easier for customers to pay for airline tickets. There are more benefits for passengers, which include the removal of bank fees.

The post Latvian airbaltic now accepts payments in Ethereum (ETH) and Dogecoin (DOGE) appeared first on Invezz.



from Cryptocurrency – Invezz

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