Mexican subsidiary airline Volaris to accept Bitcoin payments for ticketing
As El Salvador is mainstreaming Bitcoin adoption, one of Mexico’s local subsidiary airlines Volaris, has announced accepting Bitcoin payments for ticketing.
Volaris’ announcement has come after a month of Salvadoran Bitcoin Law implementation. El Salvador aviation authorities have officially permitted Volaris to operate in the country.
Salvadoran President Nayib Bukele posted the news on Twitter to announce the airline would now be open to Bitcoin payments.
In an online event hosted by Volaris, President Bukele has also highlighted that payments in Bitcoin in combination with the state-run Chivo wallet would enable higher flight offerings for the country’s citizens.
Bukele’s government is also continuing to incentivize Salvadorans to use Bitcoin payments other than offering fuel subsidies. The country has also reported having reinvested $4 million worth of unrealized Bitcoin profits for funding infrastructure development projects like an upcoming veterinary hospital.
Following El Salvador’s footsteps, Venezuela airport authorities have also initiated Bitcoin and other cryptocurrency payments for ticketing and other services.
The Venezuelan Simón Bolívar International Airport, in collaboration with the National Superintendence of Crypto Assets and Related Activities, has proposed to enable crypto payments in compliance with local industry standards.
The Airport Director Freddy Borges has said that they would accept crypto coins like Bitcoin, Petro and Dash. Petro is a state-issued, oil-backed crypto token.
Borges signalled that the latest initiative attempts to advance in the “new economic and technological systems accessibility.”