Friday, March 1, 2024

Spanish Airline Vueling Starts Accepting Crypto As Payment Method

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The Spanish Airline Vueling started accepting crypto as a payment method and will accept 13 digital assets from the start of next year so let’s read more today in our latest cryptocurrency news.

The Spanish airline Vueling, which is one of the biggest, will join forces with BitPay and will enable clients to pay for tickets in crypto starting from 2023. according to the recent press release, the airline will use Universal Air Travel Plan technology and will integrate the offering of more digital assets more effectively. Vueling will support 13 cryptocurrencies from the start, including some of the leading ones by a market cap like BTC, ETH, BCH, LTC, DOGE, and SHIB. Assuming the move sees the light of day by 2023, the Spanish company will become the first low-cost airline to accept crypto as a payment method.

The Manager of Distribution Strategy and Alliance at Vueling believes this move will reaffirm the company’s status as a digital airline. BitPay’s Vice President of Marketing Merrick Theobald said that Vueling will recognize the potential of crypto to transform the entire industry and make payments faster and more secure. The company is the biggest airline in Spain in terms of fleet size and it flies in more than 120 locations across the world. The company dived into the Metaverse as well and allowed clients to visualize and book trips with the carrier via distribution channels in the virtual reality.

Crypto Adoption In Spain, tax, country, users

Last year, Venezuela’s biggest airport Simon Bolivar International Airport showed intentions to accept digital assets as a means of settlement and Director Freddy Borges argued:

“Just as Russian passengers arrived in Margarita, they will also come to La Guaira through Conviasa, so we must advance in these new economic and technological systems that can be accessed.”

Dubai’s Emirates Airlines also presented similar ambitions and the company said it plans to embrace BTC as a payment method and add NFTs to its website.

As recently reported, With tax season approaching, some warned that the failure to comply with the Treasury’s tax-related ruling scan proves quite expensive for new and even seasoned Spanish crypto investors. A recent report from the Association for Media Research, a group with media outlets and production companies, claimed that it surveyed over 15,600 Spanish web users on their crypto-related activities.

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