Can Bitcoin Fuel Aviation Around the World?

Bitcoin, the digital currency independent of central banks, countries and regulatory authorities, can be a great asset for aviation and save airlines significant amounts of cash, analysts say - and some carriers have already embraced it, including Japan's Peach and, this month, the US airline Surf Air, which announced it would support bitcoin and ethereum payments for its monthly membership and charter services.

"Digital currency has been on our radar from the very beginning and we are excited to provide our members with another quick and seamless way to do business with Surf Air," the chief executive Sudhin Shahani told CoinDesk.

Airlines – particularly smaller, regional ones – are no strangers to the cryptocurrency world, with a number having begun accepting bitcoin over the years. Indeed, the airline industry has also moved to explore applications blockchain, including in areas such as ticket disbursement and maintenance tracking.

Read more: https://www.thenational.ae/business/aviation/can-bitcoin-fuel-aviation-around-the-world-1.690130