• Vueling, a low-cost Spanish airline, is exploring the use of blockchain and NFT technology to accept cryptocurrency as a means of payment.
• The company has enlisted the aid of Criptan, a registered Spanish cryptocurrency exchange, and aims to open this payment option for users by Q3 2023.
• This agreement will place Vueling at the forefront of new technologies and innovation, further reinforcing its commitment to its customers.
Spanish airline Vueling is making moves to become one of the first low-cost airlines in Europe to accept cryptocurrency as a means of payment. The company announced it was exploring the usage of blockchain and NFT technology in order to allow customers to acquire plane tickets with crypto.
Vueling has partnered with Criptan, a national exchange that has already registered with the Bank of Spain, to serve as a payments company, processing and completing customers‘ orders using crypto. Jesus Monzo, Vueling’s alliances and distribution manager, stated that this agreement places them at the forefront of new technologies and innovation, further reinforcing their commitment to their customers and offering the best and most advanced tools and solutions on their website.
Jorge Soriano, Criptan’s CEO, explained that the introduction of crypto payments could improve user experience by showing customers the potential there is behind the implementation of such solutions. The functionality is expected to be available on the website of the airline by Q3 2023 and it will be using UATP tech, the global payments network for airlines, although some other payment methods may be available in the future as well.
Vueling is taking a big step forward by introducing cryptocurrency as a payment option. This move will make the airline more accessible to customers who are interested in using digital currency and it will place Vueling at the forefront of new technologies and innovation. The company aims to have the payment option available by Q3 2023, providing customers with a seamless and secure way to pay for their tickets.