Bitcoin Now Used Increasingly For Flight Tickets

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Air Lituanica is now accepting bitcoin for flight tickets as part of its ongoing bid to embrace new and innovative methods of serving customers. With the news, the two-plane, Lithuania-based airline becomes the second airline, and second in eastern Europe, to add bitcoin payments following airBaltic’s July announcement.

In a blog post, Air Lituanica director of commerce Simonas Bartku illustrated the benefits bitcoin can bring to travel businesses, writing: “Bitcoin payments are highly beneficial for the aviation market – this currency helps to attract more buyers from abroad as bitcoins can be used anywhere in the world.”

News on Bitcoins

Air Lituanica’s statements provide the latest evidence that bitcoin is gaining traction beyond the airline industry in the wider global travel industry, and that a growing number of consumers and businesses in this sector are looking to tap digital currency as a solution.

Long term, digital currency proponents believe the technology can provide real convenience to travelers due to the hassles and high fees associated with currency conversion as well as the high risk of fraud international travelers face. Further, it seems a growing number of businesses are looking to help the community test its prediction.

In addition to appealing to existing travel companies like Air Lituanica, bitcoin is also helping savvy entrepreneurs gain a foothold in the space. For example, just last week, Bali-based travel booking agency BitcoinTour launched with the goal of making it easier for travelers to use bitcoin to visit the popular island.

Bitcoin News Video

Watch this video for more “News on Bitcoin”.

[grabpress_video guid=ef27077c46a558180e74b779127889ea4a5b2b09 embed_id=2151919]

Bitcoin Financial News

While international travel options have proved to be more accommodating of bitcoin services, land travel alternatives have been less quick to embrace bitcoin. Still, there have been companies exploring this as-yet untapped part of bitcoin’s travel sector. For example, CheapAir announced in May that it would accept bitcoin for its Amtrak railway bookings. Further, PassportParking, a parking solutions provider that serves lots in 35 US states revealed it would seek to implement a bitcoin payments trial in 2014.

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