Vuelingan airline that is part of IAG (International Airlines Group), and BitPaythe world’s largest provider of bitcoin and cryptocurrency payment services, have reached an agreement allowing the airline’s customers to make payments through this digital medium of exchange.
To offer this service, the airline will use technology from UATP, the global payment network for the airline industry, which allows for a rapid onboarding process. Thanks to this alliance, Vueling will become the first low-cost airline in Europe to accept cryptocurrencies as a means of payment. This service will be available in early 2023 at www.vueling.comand only for individuals.
Ticket prices will be displayed in Euros and customers will be able to pay for their flight from over 100 wallets and choose between 13 different cryptocurrencies such as Bitcoin (BTC), Bitcoin Cash (BCH), Dogecoin (DOGE), Ethereum ( ETH), Litecoin (LTC), Shiba Inu (SHIB) and Wrapped Bitcoin (WBTC).
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.
Jesús Monzó, Head of Distribution Strategy and Alliances at Vueling, said: “With this agreement, Vueling once again reaffirms its position as a digital airline. We are very happy to have found in BitPay the best partner to offer our customers the possibility of transacting with cryptocurrencies with the greatest security and reliability”.
Merrick Theobald, Vice President of Marketing at BitPay, said: “Vueling recognizes the potential of cryptocurrencies to transform the airline industry, making payments faster, safer and cheaper on a global scale. Our goal at BitPay is to make cryptocurrency acceptance a seamless process and to increase adoption, because we believe cryptocurrencies are the future of payments.
“Offering cryptocurrency as a form of payment to the buying public is a must in this digital era of payments. UATP and BitPay have partnered to bring this option to the airline industry and meet growing demand from Vueling customers to pay with cryptocurrency,” said Rachel Morowitz, SVP Partner Processing, UATP. “It’s an exciting time for payments, and we’re looking forward to seeing this partnership, and Vueling’s use of cryptocurrencies is accelerating rapidly.”
Founded in 2011, BitPay pioneered blockchain payment processing with a mission to transform the way businesses and individuals send, receive and store money. Its commerce solutions eliminate transaction fraud, reduce the cost of payment processing, and enable borderless cryptocurrency payments, among other services. BitPay offers consumers a complete digital asset management solution that includes the BitPay Wallet and the BitPay Prepaid Card, allowing them to turn digital assets into dollars to spend at tens of thousands of businesses. The company has offices in North America, Europe and South America and has raised over $70 million in funding from leading investment firms including Founders Fund, Index Ventures, Virgin Group and Aquiline Technology Growth. For more information, visit bitpay.com.
UATP is a global payment solution owned and operated by airlines worldwide and accepted by thousands of merchants for air, rail and travel agency payments. UATP connects airlines to alternative payment methods that can extend their reach and drive incremental sales globally. UATP offers easy-to-use data tools, DataStream℠ and DataMine℠, which provide comprehensive account details to issuers and corporate subscribers for accurate travel management. Accepted as payment for business travel worldwide by airlines, travel agencies and Amtrak®; UATP accounts are issued by: Aeromexico; Air Canada (TSE: AC); Air China; Air New Zealand (ANZFF.PK); Air Niugini; Air Serbia; American Airlines (NASDAQ: AAL); APG Airlines; Austrian airlines; BCD trip; China Eastern Airlines (NYSE:CEA); Delta Air Lines (NYSE:DAL); EL AL Israel Airlines; Etihad Airways; Far report; Border Airlines; GOL Linhas aereas inteligentes SA (NYSE: GOL and Bovespa: GOLL4); Hahn Air; Height travel; Japan Airlines (9201: JP); JetBlue Airways; Qantas Airways (QUBSF.PK); Shandong Airlines; Sichuan airlines; South West Airlines; Sun Country Airlines; TUIfly GmbH; Turkish Airlines (ISE: THYAO); United Airlines (NYSE: UAL) and WestJet. AirPlus International issues the UATP corporate account for Lufthansa German Airlines.
Vueling, part of the IAG group, is a key player in European connectivity, making it a key company for economic and tourism development. For summer 2022, the company has a network of more than 330 short and medium-haul routes in Europe, North Africa and the Middle East, operated with a fleet of Airbus A319, A320, A320neo and A321 models. .
In the current context, Vueling continues to advise all customers to use its digital tool on the website and mobile app, which provides up-to-date information on the documents required to travel to each destination.