Latvian Airline Starts Accepting Payments in Dogecoin, Other Cryptos
- The airline has been taking Bitcoin since 2014.
Latvian airline, airBaltic has become the latest to take cryptocurrency mainstream as the company started to accept multiple Cryptocurrencies Cryptocurrencies By using cryptography, virtual currencies, known as cryptocurrencies, are nearly counterfeit-proof digital currencies that are built on blockchain technology. Comprised of decentralized networks, blockchain technology is not overseen by a central authority.Therefore, cryptocurrencies function in a decentralized nature which theoretically makes them immune to government interference. The term, cryptocurrency derives from the origin of the encryption techniques that are employed to secure the netw By using cryptography, virtual currencies, known as cryptocurrencies, are nearly counterfeit-proof digital currencies that are built on blockchain technology. Comprised of decentralized networks, blockchain technology is not overseen by a central authority.Therefore, cryptocurrencies function in a decentralized nature which theoretically makes them immune to government interference. The term, cryptocurrency derives from the origin of the encryption techniques that are employed to secure the netw Read this Term, including Dogecoin, as Payments Payments One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonl One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonl Read this Term for ticket booking.
Announced on Monday, the airline added Bitcoin Cash, Ether and Dogecoin, along with four USD-pegged stablecoins, GUSD, USDC, PAX and BUSD to its payments options. The airline has already been accepting Bitcoin since 2014, making it the first airline company to accept cryptocurrency.
The Latvian company has tapped BitPay to process its cryptocurrency transactions. The prices will be flashed in euros, and the payment processor will convert the received digital currencies into fiat at the current exchange rate. The airline also made it clear that it will not receive any cryptocurrency.
Crypto payments on airBaltic’s website will not include an additional transaction cost and are available for flights booked at least five days ahead of the scheduled departure.
“As an innovative airline, we always strive to search for ways to improve the customer experience starting from the booking process,” airBaltic CEO, Martin Gauss said on adding cryptocurrencies.
“Over the years around 1000 clients have used the payment option, which may not seem like a lot, but still offers passengers a unique payment option hard to find elsewhere.”
Doge Getting Mainstream?
Though many mainstream companies are now accepting top cryptocurrencies as payment, airBaltic is among few to accept Dogecoin, which was created from taking inspiration from an internet meme.
The prices of the Dogecoin skyrocketed with endorsements from billionaire Elon Musk and several celebrities. However, Musk-headed Tesla, which recently added Bitcoin as a payment option, kept its distance from Doge.
Latvian airline, airBaltic has become the latest to take cryptocurrency mainstream as the company started to accept multiple Cryptocurrencies Cryptocurrencies By using cryptography, virtual currencies, known as cryptocurrencies, are nearly counterfeit-proof digital currencies that are built on blockchain technology. Comprised of decentralized networks, blockchain technology is not overseen by a central authority.Therefore, cryptocurrencies function in a decentralized nature which theoretically makes them immune to government interference. The term, cryptocurrency derives from the origin of the encryption techniques that are employed to secure the netw By using cryptography, virtual currencies, known as cryptocurrencies, are nearly counterfeit-proof digital currencies that are built on blockchain technology. Comprised of decentralized networks, blockchain technology is not overseen by a central authority.Therefore, cryptocurrencies function in a decentralized nature which theoretically makes them immune to government interference. The term, cryptocurrency derives from the origin of the encryption techniques that are employed to secure the netw Read this Term, including Dogecoin, as Payments Payments One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonl One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonl Read this Term for ticket booking.
Announced on Monday, the airline added Bitcoin Cash, Ether and Dogecoin, along with four USD-pegged stablecoins, GUSD, USDC, PAX and BUSD to its payments options. The airline has already been accepting Bitcoin since 2014, making it the first airline company to accept cryptocurrency.
The Latvian company has tapped BitPay to process its cryptocurrency transactions. The prices will be flashed in euros, and the payment processor will convert the received digital currencies into fiat at the current exchange rate. The airline also made it clear that it will not receive any cryptocurrency.
Crypto payments on airBaltic’s website will not include an additional transaction cost and are available for flights booked at least five days ahead of the scheduled departure.
“As an innovative airline, we always strive to search for ways to improve the customer experience starting from the booking process,” airBaltic CEO, Martin Gauss said on adding cryptocurrencies.
“Over the years around 1000 clients have used the payment option, which may not seem like a lot, but still offers passengers a unique payment option hard to find elsewhere.”
Doge Getting Mainstream?
Though many mainstream companies are now accepting top cryptocurrencies as payment, airBaltic is among few to accept Dogecoin, which was created from taking inspiration from an internet meme.
The prices of the Dogecoin skyrocketed with endorsements from billionaire Elon Musk and several celebrities. However, Musk-headed Tesla, which recently added Bitcoin as a payment option, kept its distance from Doge.