Norwegian Air Could Allow Payment Through Cryptocurrency
Norwegian Air, Europe's biggest airlines, would consider allowing cryptocurrencies for booking flights immediately starting from the next spring.
The plan was revealed by Norwegian Block Exchange (NBX) chief executive, Stig Kjos-Mathisen while having an interview with local news publication.
Norwegian Air Could Accept Crypto Payments During Upcoming SpringNBX would promote the payment infrastructure for Norwegian Air and have already completed the development of the essential support for the users to book tickets with virtual assets. During the interview, Kjos-Mathisen ensured that everything was set from their side.
The airlines and cryptocurrency exchange intended to introduce this feature this year, apparently as soon as the upcoming spring. But, it was still not sure whether the airline would only allow Bitcoin or other cryptocurrencies als well.
Real World Use Cases of Crypto on The RiseStarted in 2018, NBX was trying to target local traders through its crypto-asset trading services. After a period of remarkable development, on last September, the exchange started its beta program and has now begun registration for general traders.
Also during last September, Sparebanken Øst provided an amount of $1.6 million to the exchange. Sparebanken Øst is the country's one of the oldest operating banks. The partnership between Norwegian Air and NBX also powered this investment.
At that time, Sparebanken Øst cited that a possible partnership with the Norwegian Air Shuttle, an essential player with NBX, could form a platform for starting new solutions on an enormous scale. The bank further added that it observed high market potential both internationally and nationally.
Prominently, Kjos-Mathisen was the son-in-law of Norwegian Air CEO and founder Bjørn Kjos. Also, the airline mogul was involved in the crypto exchange development since its initial stage.
However, with crypto price volatility, it was to be observed how much bookings the airline would get through virtual coins, or it would just end up being a promotional offer.
About The Author
Shailesh PanwarShailesh is an ardent follower of the crypto world and keenly watches every development taking place in the cryptocurrency space. He loves to voice his opinions through well-curated blogs and articles, which throw light on different facets of the crypto industry.
Kraken Poll Involving Traders Suggests Good T...Zain Raza 14:53 PM 28 Mar 2020
FBI Arrests Russian Hacker And Shuts Deer.io ...Jyoti Singh 14:21 PM 28 Mar 2020
KuMex Planning to Launch Tether on Blockchain...Vandana Malik 14:12 PM 28 Mar 2020
Ficto New Blockchain-Based Online Streaming A...Jyoti Singh 13:00 PM 28 Mar 2020
Hive Tokens are Above Steem After a Week of T...Vandana Malik 12:51 PM 28 Mar 2020
Russian Police Ceases Illegal Bitcoin Mining ...Jyoti Singh 12:44 PM 28 Mar 2020
Crypto_bitlord Leaves Twitter, Says he Has Ha...Zain Raza 13:05 PM 28 Mar 2020
SilkRoad Founder Ross Ulbrichts's Celenbrates...Zain Raza 11:36 AM 28 Mar 2020
Kraken Looking Forward to Increase Job Force ...Vandana Malik 10:00 AM 28 Mar 2020
DPW Temporarily Shuts Mining Business After B...Jyoti Singh 08:44 AM 28 Mar 2020