FAT Taiwan Airlines

Fat Taiwan Airline Accepts Bitcoin Payments for Plane Tickets

ยท 06 Mar 2018 in Crypto News, Home
Carlos is an international relations' analyst specializing in cryptocurrencies and blockchain technology. Since 2017, Carlos has written extensively for UseTheBitcoin and other leading cryptocurrency sites; with over 2,000 articles published.

As cryptocurrencies expand, there are more shops and businesses accepting these virtual currencies. Now, the Taiwanese airline FAT Taiwan Inc., announced that it will start accepting bitcoin payments. That means that this will be the first airline operator in Taiwan to accept Bitcoin as a means of payment.

Fat Taiwan Accepts Bitcoin

According to the airline’s announcement, the company will start accepting cryptocurrencies for tickets and other travel services. The company is expected to become a pioneer in crypto adoption in the country aviation industry. By buying tickets with Bitcoin or another cryptocurrency, the customer will receive a discount for more than 20,000 flights.

FAT Logo
FAT Logo

Zhang Gangwei, Fat Taiwan president, explained that cryptocurrencies have a bright future and that the tourism sector will embrace them.

“The widespread use of cryptocurrency in various scenarios will usher in a new future for the airline business, lodging industry, OTA and the entire tourism sector. FAT is about to be the No. 1 in the industry to embrace cryptocurrency and blockchain technology,” said Mr Zhang Gangwei.

The airline connects different cities in Taiwan and various others in Asia, including Japan, South Korea or Thailand. Connexions to other countries like Malaysia, Indonesia, Vietnam and Cambodia are available.

Airline Industry Supports Cryptocurrencies

Several airlines from all over the world started to accept cryptocurrency payments. For example, in 2014, Latvia’s AirBaltic was the first airline in the world to accept Bitcoin. Another European airline that accepted bitcoin was LOT Polish Airlines, but unfortunately in 2017 it stopped supporting it.

As we wrote at UseTheBitcoin Peach Aviation, an important Japanese airline is also working in order to accept Bitcoin payments for their tickets. Furthermore, the company is trying to introduce Bitcoin ATMs in different airport terminals and a bitcoin wallet.

Other important airlines, like Star Jets International, has started to accept bitcoin payments for private flights.

According to Star Jets International CEO, Ricky Sitomer, the company wants to offers its customers the possibility to use this method f payment:

“Bitcoin is becoming an increasingly accepted method of payment and we want our customers to have the flexibility to pay via that medium of exchange.”

Image: SmugMug and Wikipedia

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