UK travel firm permits flight bookings with Bitcoin

14 Nov 2019

Flight searchingUK-based travel firm Alternative Airlines has joined forces with cryptocurrency service Utrust to facilitate crypto payments.

The partnership was announced by Utrust on Wednesday, with Alternative Airlines being its first merchant in the travel sector.

Both firms plan to allow customers to book flights with cryptocurrencies such as Bitcoin, Ethereum, Dash, DigiByte and Utrust’s token, UTK.

This joint venture will introduce instant cross border transactions, crypto-to-cash settlements to Alternative Airlines clients as well as buyer protection, reports Coin Telegraph.

The travel company’s website facilitates a search of over 650 airlines, including British Airways, Virgin and Emirates. 

Utrust CEO, Nuno Correia said of the agreement: “For business or leisure, flight travel can be expensive with consumers saving for months to afford a trip. Considered a high ticket item, it is imperative that consumers are protected when booking flights. Utrust is providing Alternative Airlines’ customers with the increased security and convenience of cryptocurrency payments, and reducing processing fees, to bring greater transparency and trust to the world of online payments.”

Furthermore, back in August it was revealed that Portugal’s SL Benfica had partnered with Utrust to allow tickets and merchandise to be paid for with cryptocurrencies.

This option allows fans to purchase match tickets and merchandise on the club’s website with Bitcoin, Ethereum and UTK.

In addition, last month a Bitcoin ATM, Bitstop, was recently installed in Miami International Airport, allowing passengers to pay for their tickets using Bitcoin, the world’s largest cryptocurrency by market capitalisation.

According to the co-founder and chief strategy officer of Bitstop, Doug Carrillo, an increasing number of people prefer to travel with Bitcoin rather than cash, predominantly for security and convenience.

Carrillo stated: “Miami International Airport is a perfect place for our customers to conveniently exchange their dollars for Bitcoin and vice versa when traveling domestically or abroad.”
 

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