How To Pay for Flights Using Cryptocurrency

Wazzup Pilipinas!?



According to buidlbee, the cryptocurrency has become a rapidly gaining popularity as a way to pay for the services of airlines. Already in 2022, you can fully pay for the trip with cryptocurrency, starting with booking airline tickets, hotel rooms, car rentals, etc.

In this article, we will tell how you can purchase airline tickets with cryptocurrency, as well as about airlines that sell tickets by paying with cryptocurrencies.


How to buy a plane ticket with cryptocurrency

The process is about the same everywhere: you start any supported crypto on the website of the air carrier, simply by downloading and registering a wallet on your phone and sending your crypto to it (we do not recommend starting a lot or storing it, because the services are centralized).

After that, simply select the payment method of the airline, which will convert your crypto into a currency to pay for the airline and the ticket will be issued within 24 hours (or during the time that is written on the site). However, in most cases, it is issued immediately.






Airlines

The first airline in the world to start selling tickets for its flights to the Baltic countries, Europe and Russia for bitcoins since 2014 is airBaltic, an airline based in Latvia. According to AirBaltic, over seven years, more than 1,000 tourists have bought plane tickets from the airline using cryptocurrency.

In addition to the Latvian National Airlines, companies such as Polish Airlines (LOT), the Canadian Airlines and the Japanese low-cost airline Peach Aviation are leading in the sale of air tickets for cryptocurrency. CheapAir, a California-based firm, was one of the first airlines to sell tickets for bitcoin in the US in 2013. It is believed that crypto transactions are not only confirmed and safe, but also that purchases using electronic currencies are easy and fast.


Travel companies

Electronic currencies are quite popular, especially among travel agencies that sell tickets via the Internet. The Australian travel site travala.com and the Spanish destinia.com joined the list of "advanced" companies. This platform was created with the ability to book travel. The platform is based on the blockchain. Based on this, its big plus is the flexibility when paying with a crypt (besides this, of course, flights can also be paid with ordinary cards). On the Travala platform, there is a wide choice of cryptocurrencies to pay for services. There are also thousands of hotels, car rental services to choose from. A feature of this platform is the presence of its own AVA cryptocurrency.

In addition, entire service sites have appeared, for example, travelbybit.com is a partner of Binance, one of the largest exchanges for cryptocurrencies in the United States. For digital currencies and, of course, bitcoins, hotels and flights are available for booking on the site. The service allows tourists to compare flights listed in the selected state currency before buying with cryptocurrency.

No less famous is the Alternative Airlines platform, where you can find flights from numerous airlines and pay for the purchase of tickets using digital money.


Benefits and risks

As an addition, it can be noted that all cryptocurrencies, of course, are not without risks, but the benefits that accompany them outweigh the possible disadvantages. Users of virtual money get anonymity, high speed of transactions, lack of dependence on financial institutions, small commissions, no “limits” for transfers. However, it is also important to monitor the risks, for example, jumps in the rate of the crypt, the real benefit of such payment, the lack of sufficient technical capabilities.


Conclusion

When buying air tickets, we often lose money on conversion, or additional commissions. Innovations in terms of new settlement options can significantly reduce the cost of air tickets due to the elimination of unnecessary commissions, and sometimes even certain types of tax. At the moment, not many companies have decided to optimize in this area, but the list of services is constantly expanding, and it is only a matter of time when payment with cryptocurrency will be available everywhere.

It is worth saying that the above airlines and services are not the only ones where you can pay for the flight using cryptocurrency. For example, Abitsky, thanks to this service you will be able to pay for a flight while traveling all over Europe.

Planning your trip is always difficult and time-consuming, but finding a travel agency that accepts bitcoins is no longer difficult.