Of the many industries that have come out to embrace cryptocurrency, the travel and tourism industry has been quite enthusiastic. This is manifested in Travala enabling the booking of thousands of hotel rooms using various cryptocurrencies and also the application of blockchain in several airline initiatives in order to better manage customer and flight data. This shows, first of all, how diverse of use of blockchain technology is and also the demand for crypto to be used for the buying of everyday items as well as its being used within the travel experience.
On November 13, 2019, it was announced that Utrust, a Swiss-based digital payment processor, teamed up with Alternative airlines, which is a UK-based company, to allow the booking of airline flights using cryptocurrency.
Up in the Air
With this new development, customers will be able to book airline flights using a variety of cryptocurrencies such as Bitcoin (BTC), Ethereum (ETH), Dash, DigiByte (DGB) and Utrust’s native token UTK. Among the features of this new initiative includes customer protection, crypto-to-cash settlement for the airlines themselves as well as cross-border settlements. The firm’s website allows customers to search up to 650 different airlines including Virgin Airways, British Airways, and Emirates.
“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,” said Utrust CEO, Nuno Correia.
This is not the only major development that is taking place between the world of cryptocurrency and airline travel as the Miami airport recently had its first bitcoin ATM installed courtesy of Bitstop and this will enable customers to withdraw or deposit cryptocurrency from the comfort of the airport for various purposes.
“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,” said Bitstop co-founder and chief strategy officer Doug Carrillo.