Dogecoin (DOGE) and Ethereum (ETH) take flight with airBaltic!
Since 29th March, airBaltic, the Riga-based airline that offers flights to more than 70 destinations across Europe, has added DOGE and ETH to its list of accepted payment methods. Is this another step closer to mass adoption?
DOGE and ETH spread their wings
Latvian flag carrier airBaltic has just added DOGE and ETH to its long list of accepted payment currencies. Already well-known as the first airline in the world to accept Bitcoin as a means of payment, it also accepts Bitcoin Cash (BCH), as well as the stablecoins Gemini Dollar (GUSD), USD Coin (USDC), Paxos Dollar (PAX) and Binance USD (BUSD).
Since Elon Musk’s famous tweet tirade in February, dogecoin has smashed its way into the top 10 cryptocurrencies by market cap. This raises the question: why shouldn’t it become a means of payment just like any other big crypto?
AirBaltic seems to have jumped on the DOGE bandwagon by adopting it, but, due to the high volatility of cryptocurrencies, the company quickly made a clarification. Ticket prices will be displayed only in euros, and then converted into the customer’s crypto of choice through the platform BitPay, a service well known to crypto enthusiasts.
Martin Gauss, airBaltic’s CEO, commented on the move:
“As an innovative airline, we always strive to search for ways to improve the customer experience starting from the booking process. Over the years around 1,000 clients have used the [crypto] payment option, which may not seem like a lot, but still offers passengers a unique payment option hard to find elsewhere.”
The adoption of cryptocurrencies is gaining ground in all sectors and, contrary to the conventional wisdom of crypto critics, it is not only Teslas that you can buy in Bitcoin, but also wine, works of art (not just NFTs) and many more things! Granted, the Brits are quite slow to get involved, but this is progress nonetheless.
The travel and hospitality sectors are no exception, and there are now a huge number of airlines and hotels that accept crypto payments. Just take the example of Travala.com, an international online travel agency. We are pleasantly surprised by the diversity in the choice of accepted cryptocurrencies, which undoubtedly makes HODLers happy.
Engineer by trade with a specialisation in emerging technologies and have always been interested in the blockchain and cryptocurrency. I am to be part of CoinTribune team!