As stated in the official news published by Universal Air Travel Plan (UATP) on June 16 Vueling has partnered with BitPay and UATP to add support to cryptocurrencies which is a big catch for the Doge and SHIB.
According to the updates the world’s largest provider of Bitcoin and cryptocurrencies service payment services, have reached an agreement permitting the airline’s customers to make their payment via digital currencies.
To offer this service, the airline will use UATP’s technology, the global payment network for the airline industry, which allows a fast integration process. Thanks to this alliance, Vueling will become the first low-cost airline in Europe to accept cryptocurrencies as a payment method. This service will be available at the beginning of 2023 at www.vueling.com, and for individuals only.
What is Vueling?
Vueling, part of the IAGF group, is the main player in European connectivity which makes it a key company for economic and tourism development. For Summer 2022, the company has a network of ver 330 short and medium-haul routes in Europe, North Africa, and the Middle East, which are operated with a fleet of Airbus A319, A320, A320neo, and A321 models.
What is UATP?
This is an international payment solution owned and functions by the world’s airlines and accepted by thousands of merchants of air, travel, and rail agency payment.
UTAP gives:
- easy-to-use data tools, DataStream℠ and DataMine℠, which provide comprehensive account details to Issuers and Corporate Subscribers for accurate travel management. Accepted as a form of payment for corporate business travel worldwide by airlines, travel agencies and Amtrak®
What is BitPay?
It was founded as far back as 2011, it pioneered blockchain payment processing with the mission of changing how businesses and people transact and store money. Its business solution has done away with transaction hack, it also reduces the cost of payment processing, and enables borderless payments in cryptocurrency, among other services.
In addition to the above features of the BitPay, it also offers:
- BitPay offers consumers a complete digital asset management solution that includes the BitPay Wallet and BitPay Prepaid Card, enabling them to turn digital assets into dollars for spending at tens of thousands of businesses.
Ticket prices will be displayed in Euros and customers will be licensed to pay for their flight from more than 100 wallets and choose between 13 different cryptocurrencies like Dogecoin (DOGE), Ethereum (ETH), Litecoin (LTC), Shiba Inu (SHIB) Bitcoin (BTC), Bitcoin Cash (BCH), and Wrapped Bitcoin (WBTC).
Benefit Locked in this
- Paying with cryptocurrencies is a push transaction, meaning the user sends the exact amount, rather than a withdrawal-like traditional credit or debit cards, eliminating transaction fraud and phishing.
More also, the Manager of Distribution Strategy and Alliances at Vueling says;
“With this agreement, Vueling once again reaffirms its position as a digital airline. We are very pleased to have found in BitPay the best partner to offer our customers the possibility of making transactions with cryptocurrencies with the greatest security and reliability”.
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Merrick Theobald, Vice President of Marketing at BitPay says:
“Vueling recognizes the potential of cryptocurrencies to transform the airline industry, making payments faster, more secure, and less expensive on a global scale. Our goal at BitPay is to make the acceptance of cryptocurrencies a seamless process and increase its adoption, as we believe that cryptocurrencies are the future of payments.”
“Offering cryptocurrency as a form of payment to the buying public is a must in this digital age of payments. UATP and BitPay partnered to bring this option to the airline industry and is fulfilling the rising demand of Vueling’s customers to pay with cryptocurrency,” stated Rachel Morowitz, SVP Partner Processing, UATP. “It’s an exciting time in payments, and we look forward to watching this partnership, and Vueling’s use of cryptocurrencies accelerate quickly.”