Venezuelan international airport to accept Bitcoin payments: Report

According to reports, a major airport in Venezuela will soon accept Bitcoin (BTC), as payment for its tickets and other services.

According to El Siglo, Simon Bolivar International Airport has been working to allow cryptocurrency payments to conform to local industry standards. The airport, also known as Maiquetia is located in downtown Caracas. It is the capital of Venezuela.

Freddy Borges, Maiquetia airport director, said that the airport will accept many cryptocurrencies, such as Bitcoin, Dash, (DASH), and Venezuela’s digital currency, Petro. According to Freddy Borges, the airport’s administration will offer new payment options in coordination and with Venezuela’s National Superintendence of Crypto Assets and Related Activities.

Borges stated that the introduction of crypto payment at Maiquetia’s airport would be a sign of the company’s commitment to international standards and encourage digital currency adoption. According to Borges, foreign tourists would be able to use the crypto payment option, even if they are from Russia.

Borges stated that “We must make progress in these new economic systems and technological systems to become accessible.”

This news comes as Venezuela is experimenting with a digital currency central bank (CBDC). Venezuela’s central bank launched the digital Venezuelan bolivar Oct. 1. The Petro, a cryptocurrency backed by oil, was launched by the government in February 2018, and is not tied to Venezuela’s national currency like a CBDC.

Related: BitMEX CEO predicts Bitcoin to be legal tender in five countries before 2022

Many airports and airlines have explored ways to accept crypto payments and other blockchain-based functions in recent years. This has allowed them to offer better cash payment options and improved customer verification services (COVID-19 results). After introducing crypto payments in 2014, Latvian airline AirBaltic began accepting Ether (ETH), Dogecoin(DOGE) as payment for tickets in March.

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Eileen Wilson

Eileen Wilson –Technology and Energy My Name is Eileen Wilson with more than 5 years of experience in the Stock market industry, I am energetic about Technology news, started my career as an author then, later climbing my way up towards success into senior positions. I can consider myself as the backbone behind the success and growth of topmagazinewire.com with a dream to expand the reach out of the industry on a global scale. I am also a contributor and an editor of the Technology and Energy category. I experienced a critical analysis of companies and extracted the most noteworthy information for our vibrant investor network.

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