Claim BonusThis Airline Will Accept Crypto Through BitPay
Cryptocurrency adoption is still on a surge amid the recent collapse of the global digital asset market. Vueling, a Spanish airline has joined hands with the BitPay allowing customers to pay for booking their tickets in exchange for cryptos.
Vueling will accept crypto from 100 wallets
The airline is comprised under the IAG (International Airlines Group) and will become the first low cost airline in Europe to accept digital assets as the payment method. According to reports, the airline will be using UATP’s technology for the process. The payment process will be carried out in a push transaction.
Customers can pay for their flight tickets from over 100 different wallets. Vueling will be accepting the 13 different cryptocurrencies as payment. The airline will be accepting the largest cryptos like Bitcoin (BTC), Bitcoin Cash (BCH), Ethereum (ETH), and Litecoin (LTC). Vueling will also be accepting famous meme tokens like Dogecoin (DOGE) and Shiba Inu (SHIB). However, the company aims to start this service from the beginning of 2023.
Crypto market down by 6%
Airlines this move has landed amid the ongoing fall of the cryptocurrency market. The global digital asset market cap has dropped by around 6% over the last day. It now stands at $845 billion. The biggest cryptocurrency, BTC has dropped by over 32% in the past 7 days. While the largest meme crypto, DOGE is also down by 25% in the last 7 days.
Jesús Monzó, Manager of Distribution Strategy at Vueling mentioned that this deal we help Vueling to reaffirm its position as a digital airline.
Earlier, one of the biggest airlines in the world, Emirate hinted that they will soon be accepting Bitcoin. However, airlines also added that they will be exploring the NFTs and metaverse opportunities. As per reports, Adel Ahmed Al-Redhat, Emirates COO, mentioned that airlines have plans to use BTC as a payment service. While adding Emirates NFT collectibles for trading online.
Why Trust CoinGape
CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more… to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
Delivered every day.
- Insights that move markets
- 100,000 active subscribers
Related Articles
- BitMine Keeps Buying Ethereum With New $84M Purchase Despite $8B Paper Losses
- Polymarket Sues Massachusetts Amid Prediction Market Crackdown
- CLARITY Act: Bessent Slams Coinbase CEO, Calls for Compromise in White House Meeting Today
- Crypto Traders Reduce Fed Rate Cut Expectations Even as Expert Calls Fed Chair Nominee Kevin Warsh ‘Dovish’
- Crypto, Banks Clash Over Fed’s Proposed ‘Skinny’ Accounts Ahead of White House Crypto Meeting
- Cardano Price Prediction as Bitcoin Stuggles Around $70k
- Bitcoin Price at Risk of Falling to $60k as Goldman Sachs Issues Major Warning on US Stocks
- Pi Network Price Outlook Ahead of This Week’s 82M Token Unlock: What’s Next for Pi?
- Bitcoin and XRP Price Prediction as China Calls on Banks to Sell US Treasuries
- Ethereum Price Prediction Ahead of Feb 10 White House Stablecoin Meeting
- Cardano Price Prediction as Midnight Token Soars 15%
