Vueling, The Spanish Airline That Accept Crypto As Payment

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Vueling, The Spanish Airline That Accept Crypto As Payment. Vueling, one of the budget airlines from Spain that thrived after the Covid-19 travel restrictions ended, is taking its first steps towards accepting crypto as payment for its services.

The company announced on January 14, 2023 that it is examining the use of blockchain technology and NFTs to enable customers to acquire airline tickets with crypto.

Read Also: India’s IT Official Says Crypto Is Not Banned As Long As It Follows The Rules

For this service, Vueling partners with Criptan, a national exchange that has been registered with the Bank of Spain, to serve as a payment company, processing and completing customer orders using crypto.

Vueling alliance and distribution manager Jesus Monzo said Vueling stated this move would turn it into the first low-cost airline to accept crypto as a means of payment in Europe.

Vueling, The Spanish Airline That Accept Crypto As Payment. “This agreement puts us at the forefront of new technology and innovation, further strengthens our commitment to our customers and offers the best and most advanced tools and solutions on our website,” said Monzo quoted from Bitcoin.com, Wednesday (25/1/2023) .

Criptan CEO Jorge Soriano said the company believes the introduction of crypto payments can enhance the user experience by showing potential customers what is behind implementing the solution.

This functionality is expected to be available on airline websites in Q3 2023, and will use UATP technology, the global payments network for airlines, although the company has not indicated which cryptocurrencies it will accept.

Read Also: Mar Cuban Will Face Trial Because Of Promoting Crypto Companies

Airlines and Crypto

Other airlines have introduced crypto and even NFTs as part of their payment operations. One of them is Flybondi, an Argentine airline, which announced that it will issue airfare as NFT in September 2022.

Vueling, The Spanish Airline That Accept Crypto As Payment. This allows users to sell tickets on the secondary market. As part of that alliance, the company will also accept payments in stablecoins such as USDC, using Binance Pay as a payment processing partner.

But even before that, the Venezuelan government reported it would accept several cryptocurrencies as payment for plane tickets in October 2021, including the national token, the petro.

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