Tuesday, November 30, 2021

A subsidiary of budget Mexican airline Volaris will accept Bitcoin as payment.

The Takeaway:

As a result of El Salvador's mainstream Bitcoin adoption, Volaris El Salvador, a local subsidiary of budget Mexican airline Volaris, will accept Bitcoin as payment.

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As a result of El Salvador’s mainstream Bitcoin adoption, Volaris El Salvador, a local subsidiary of budget Mexican airline Volaris, will now accept Bitcoin as payment. The Bitcoin move comes a month after Salvadoran aviation authorities gave Volaris’s local subsidiary permission to operate in the country. El Salvador’s President Niyab Bukele took to Twitter to announce that the airline would accept Bitcoin.

 

“Bitcoin payments allow us to increase the offering of flights for Salvadorans.”

In a recent Volaris event hosted on Twitter, President Bukele highlighted that the ability to pay with Bitcoin and the state-run Chivo wallet “allows us to increase the offering of flights for Salvadorans.” President Bukele’s government incentivizes citizens to use Bitcoin for payments and has even offered fuel subsidies. The country had previously reinvested $4 million worth of unrealized Bitcoin gains to fund infrastructure development projects such as a veterinary hospital. Following El Salvador’s footsteps, authorities from a Venezuelan airport plan to accept Bitcoin and other cryptocurrencies as payment for tickets and other services.

 

The Venezuelan airport will accept payment in Bitcoin, Dash, and the Petro.

Simón Bolívar International Airport, in association with the National Superintendence of Crypto Assets and Related Activities, has expressed intentions to enable crypto payments as a means to comply with local industry standards. According to the airport director Freddy Borges, the airport will accept payment in Bitcoin, Dash, and the Petro, a government-issued oil-backed token. Signaling a commitment to drive cryptocurrency adoption, Borges said, “We must advance in these new economic and technological systems to be accessible.” Several major institutions have shown interest in bitcoin and other cryptocurrencies this year. 

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Disclaimer: The article reflects the opinions of the author and is not representative of Chaintimes’ views.
The article does not offer any investment advice. User discretion is advised when investing in or trading with cryptocurrency. Extensive and diligent research should be carried out by the reader before making a decision.

Jai Pratap
Jai Pratap
A Mass Media Graduate who loves to write. Jai is also a sports enthusiast and a big movie buff. He loves to learn new things.

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