Venezuela to Enable Cryptocurrency Payments for Airline Tickets

13 October 2021 | Updated: 13 October 2021

Cryptocurrency has achieved yet another small victory as the Simón Bolivar International Airport of Venezuela, alias Maiquetía, plans to allow customers to pay for airline tickets with digital currencies, including Bitcoin, Dash, and Petro.

Commenting on the latest development, the Director of the airport, Freddy Borges, noted that Venezuela’s crypto regulatory Sunacrip would organize the initiative:

“We will activate a button that is for payment of cryptocurrencies in the airport platforms and commercial activities, in coordination with Sunacrip.”

With the recent boom in the influx of Russian and European tourists into tourist hotspots in Venezuela, Borges noted that the new initiative would enable travelers to visit more parts of the South American nation and strengthen its economy. The undertaking will also force the Maiquetía Airport to up its standards. The Director noted that:

“Just as Russian passengers arrived in Margarita, they will also come to La Guaira, through Conviasa, so we must advance in these new economic and technological systems that can be accessed.”

Maiquetía International Airport is the largest airport in the country and the main gateway into Venezuela. It is located northwest of the capital Caracas and handles both domestic and international flights.

Venezuela has Strong Affinity for Cryptocurrency

Despite operating under a dictatorship, Venezuela—to the surprise of many—adopts a friendly stance on cryptocurrency. The financial situation the country finds itself in has forced it to develop a good affinity for Bitcoin and other digital assets. With that, it becomes less of a mystery why Latin American countries lead the world in terms of crypto adoption.

In 2020, Burger King Venezuela allowed customers in Caracas, the country’s capital, to pay for their meals with crypto, including Bitcoin, Litecoin, Ethereum, Binance Coin, Dash, and Tether.

This action opened the doors for order food franchises like Pizza Hut to allow diners to settle their bills with digital assets, like Bitcoin, Ethereum, Dash, Litecoin, Binance Coin, and more. Subsequently, the crypto payment offer became available in all Pizza Hut spots in Maracay, Maracaibo, and Barquisimeto.

 

You can purchase crypto coins here: Buy Tokens

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Azeez Mustapha

Azeez Mustapha is a trading professional, currency analyst, signals strategist, and funds manager with over ten years of experience within the financial field. As a blogger and finance author, he helps investors understand complex financial concepts, improve their investing skills, and learn how to manage their money.