Even though Vueling and BitPay are working together, people will be able to buy tickets from this trading system with a number of cryptocurrencies starting in 2023. One of Spain’s most important airlines is Vueling.
The first business to use cryptocurrency is Vueling
In a recent press release, it was said that the Barcelona-based airline will use Universal Air Travel Plan (UATP) technology, which is an industry-wide settlement network, to further integrate the service.
At first, Vueling will accept 13 different types of cryptocurrency. Some of the best-known cryptocurrencies are Bitcoin (BTC), Ether (ETH), Bitcoin Cash (BCH), Litecoin (LTC), Dogecoin (DOGE), and Shiba Inu (SHIB).
If everything goes as planned and the change happens in January 2023, the Spanish company will be the first low-cost airline in Europe to accept cryptocurrency as a form of payment.
Jess Monzó, who is in charge of Vueling’s Distribution Strategy and Alliances, thinks that this shows that the company is a “digital airline.”
Vice President of Marketing at BitPay Merrick Theobald said that Vueling “understands that cryptocurrencies could change the airline business.” He also said that Vueling “knows that cryptocurrencies could make international payments faster, safer, and cheaper.”
This is Spain’s most important airline because it has the biggest fleet and flies to the most places. This airline goes to more than 120 places in Europe, Africa, Asia, and the Middle East.
Also, at the start of this year, Vueling started looking into the Metaverse. Virtual reality helped people plan trips and book them with the right airlines.
How airlines make money and how digital money works?
The most important airport in Venezuela is the Simón Bolivar International Airport, which is also known as Maiqueta. Last year, the airport said that it would begin accepting digital assets as payment. Freddy Borges, who owns a business for tourists in the area, said that the plan could be good:
Dubai-based Emirates Airlines has the same long-term plans. The company said a month ago that it plans to put NFTs up for trading on its website and accept bitcoin as a way to pay.
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Dimitar got interested in cryptocurrencies in 2018 when the bear market was still going strong. Because of Bitcoin, he is most interested in this topic. He wants to know how the currency will grow.
Vueling isn’t the first airline to accept cryptocurrency as payment, and it probably won’t be the last. airBaltic is proud to have been the first airline in the world to take bitcoin as payment after partnering with BitPay in 2014.
UATP is a network for making payments that are run by airlines. UATP teamed up with BitPay in September 2021 to give its more than 300 member airlines and travel companies more ways to accept cryptocurrency as payment.
More and more Vueling customers wanted to be able to pay with cryptocurrency, so UATP and BitPay worked together to make that possible in the airline industry. It’s a fun time to work in payments, and we can’t wait to see how fast this partnership and Vueling’s use of cryptocurrencies grow.”
Simple Flying said earlier this year that Emirates would start accepting Bitcoin as a way to pay. You can also pay with cryptocurrency at the airports in Caracas, Venezuela, and Brisbane, Australia.