News

Taiwanese Airline Already Accepting Cryptocurrency Payments

Far Eastern Air Transport  (FAT) has recently declared that they will already accept crypto payments for tickets, thus making it the first ever Taiwanese airline to do so. The airline claims that they will fully accept cryptocurrency for the payment of plane tickets and all other relevant services. The main goal of this unforeseen move is for the airline to be the frontrunner of cryptocurrency adoption in the aviation industry.
The airline is fully operational around most parts of Asia including: China, Japan, the Philippines, South Korea and of course, several destinations across Taiwan. According to the announcement (translated from Chinese), “future customers will be able to enjoy a more convenient and “discounted” booking experience using cryptocurrency as they purchase from its over 20,000 flights a year and all other related products and services of the company.”
The airline’s president, Zhang Gangwei has said: “The widespread use of cryptocurrency in various scenarios will usher in a  new future for the airline business, lodging industry, OTA (Online Travel Agent) and the entire tourism sector. FAT is about to be the number one in the industry to embrace cryptocurrency and blockchain technology.”
This action will most likely attract bitcoin traders, users and enthusiasts from the most “cryptocurrency-receptive part of the world”, Asia. In connection to this,  a South Korean travel website offers a selection of 50,000 hotels and other types of accommodation facilities that also accepts cryptocurrency payments.

Related posts
cryptocurrencyCryptocurrency NewsdogecoinDOGEUSDNewsXRP NewsXRPUSDXRPUSDT

Why DogeCoin Flipping XRP Is Extremely Alarming

When DOGE bulls put on their seat belts and drove bullishly to new levels, XRP had to give way for the meme coin to take the 4th position. At the time of this report, Dogecoin is valued at a market…
BitcoinBitcoin NewsbtcusdBTCUSDCBTCUSDTMarketsNewsxbtusd

What The ‘Second Leg’ Of The Bitcoin Bull Market Will Look Like

The first phase of the Bitcoin bull market kicked off late last year when Bitcoin crossed $20,000 for the first time since its conception. The market went ballistic as Bitcoin hit $21,458 on the 16th of December and only shed…
BitcoinBitcoin NewsbtcusdBTCUSDCBTCUSDTNewsxbtusd

MercadoLibre, The ‘Amazon of Latin America’ Has Bought $7.8 Million In Bitcoin

Argentine E-commerce platform MercadoLibre, which has been branded the “Amazon of Latin America” has stepped into the Bitcoin market. The company, which has several branches in the United States revealed that it had purchased almost $8 million worth of Bitcoin….