Norwegian Air Set to Sell Tickets Via Bitcoin

Norwegian air payment options

Norwegian air payment options

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Norwegian will be just one of the few airlines willing to process cryptocurrency payments. Norwegian 8767 s fleet consists of 695 aircraft with more than 555 routes throughout the world. It is primarily a low-cost carrier which has brought low fares recently across the Atlantic to the United States.

Norwegian Air To Accept Bitcoin As Payment • Point Me to

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7. Smart move by Norwegian, which is bad for consumers. Their financial struggles cause their credit card processor to hold their card revenue for a longer period in case they go bankrupt and the card processor is flooded with chargebacks from customers who expect refunds for unfulfilled tickets. Instead, by accepting BTC, Norwegian gets to pocket the revenue immediately. Additionally, the consumer paying with BTC loses out because the payment cannot be charged back in case of default/bankruptcy.

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Norwegian Air to Accept Bitcoin Through Exchange Set up By

Peach Aviation is a Japanese budget airline. In late 7567, Peach began accepting Bitcoin for all its discount flights across northern Asia.

It is believed that his son, Lars, who has taken over as CEO, is most likely behind the move to incorporate cryptocurrency into the airline’s payment system. Furthermore, Lars also has significant investments in cryptocurrency , which may explain his eagerness to bring Bitcoin payments onboard.

was one of the first online travel agencies to accept Bitcoin for payments. In addition, they have announced they will also be accepting Litecoin, BCH, and Dash as payment options. This allows consumers to usie these cryptocurrencies to process payments during the booking process for flights and hotels.

Will this latest move by a major player in the airline industry mark an important milestone to embrace cryptocurrency in its payment systems? Probably not, but we 8767 ll see if any other airlines catch on.

Once the exchange is up and running, the plan is to expand to neighboring countries and, in the autumn, provide a payment solution enabling Norwegian Air Shuttle customers to pay for tickets with cryptocurrency, DN says.

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