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Vueling S.A., European low-cost airline in Spain, has sealed partnership with American bitcoin payment service provider Bitpay to offer its customers the opportunity to make payments for tickets via cryptocurrency.
Vueling S.A. will utilise UATP for payment processing
The crypto payment option is expected to be made available at the start of 2023 to individuals only. Upon its availability, it would make Vueling the first low-cost airline in the whole of Europe to offer payment via crypto option to its customers.
The travel payment solution Universal Air Travel Plan (UATP) will be utilised for this payment method in order to ensure a seamless payment processing exercise. UATP generally provides payment solutions to airlines in the global scene.
In order to reduce incidence of fraud via this novel payment method, Vueling has revealed that the transaction would have the nature of a push payment rather than a pull payment. This means that customers would pay directly from their Crypto wallets by originating the transaction themselves.
Furthermore, prices for tickets would be displayed in EUR and users would have the liberty of paying the equivalence of any of 13 cryptocurrencies including but not limited to Bitcoin (BTC), Ethereum (ETH), Dogecoin (DOGE), Litecoin (LTC) and Bitcoin Cash (BCH).
