El Salvador's Bitcoin adoption agenda continues apace, this time extending to a local airline.  

As a result of El Salvador’s mainstream Bitcoin (BTC) adoption, Volaris El Salvador, a local subsidiary of budget Mexican airline Volaris, will accept Bitcoin as payment.

The Bitcoin move comes a month after Salvadoran aviation authorities gave Volaris's local subsidiary permission to operate in the country.

Salvadoran President Niyab Bukele took to Twitter to announce that the airline would accept Bitcoin.

In a recent Volaris event hosted on Twitter, President Bukele highlighted that the ability to pay with Bitcoin and the state-run Chivo wallet “allows us to increase the offering of flights for Salvadorans.”

Bukele’s government continues to incentivize citizens to use Bitcoin for payments and has even offered fuel subsidies. The country had previously reinvested $4 million worth of unrealized Bitcoin gains to fund infrastructure development projects such as a veterinary hospital.

Following in El Salvador’s footsteps, authorities from a Venezuelan airport plan to start accepting Bitcoin and other cryptocurrencies as payment for tickets and other services.

As Cointelegraph reported, Simón Bolívar International Airport, in association with the National Superintendence of Crypto Assets and Related Activities, wants to enable crypto payments as a means to comply with local industry standards.

According to the airport director Freddy Borges, the airport will accept payment in Bitcoin, Dash (DASH) and the Petro, a government-issued oil-backed token. Signaling a commitment to drive cryptocurrency adoption, Borges said “we must advance in these new economic and technological systems to be accessible.”

Cryptos feed

Latest Crypto News


Latest Crypto News & Analysis

Editors’ Picks

Decentraland price under pressure by market turmoil, MANA points to steep correction

Decentraland (MANA) has not been able to sit back and enjoy its all-time highs printed on Thursday, above $6.0. MANA price reversed to the downside as a wave of negative news surrounding a new Covid variant hit news wires during the Asian session.

More Cryptocurrencies News

Bitcoin, Ethereum, XRP at discount ahead of Black Friday while investors fear new COVID strain

Over $265 billion wiped off the overall crypto market capitalization in a bloodbath as news of the new Covid strain breaks out. Bitcoin, Ethereum and Ripple prices have tumbled over 6%, and the top 10 cryptocurrencies are trading at a steep discount.

More Bitcoin News

XRP holds key support while indicators point to short-term recovery

Ripple started a recovery wave above a key support level of $1.024. XRP price started an upside correction as indicators suggest a short-term recovery. The coin may initiate a fresh downtrend upon a breakout of the $1.024 support level.

More Ripple News

Dogecoin-killer Shiba Inu hits 1 million holders, gets listed on South Korean exchange

Shiba Inu hit an important milestone of 1 million holders with a rise in the number of investors. The memecoin listed on a South Korean crypto exchange successfully despite strict regulatory requirements. 

More Shiba Inu News

Black Friday 2021 Discounts!

Do you want to take your trading skills to the next level? Now you have a chance of leaping forward at attractive introductory rates. For Black Friday, FXStreet is offering discounts of up to 50% on its upgraded Premium plans. 

Subscribe now!

BTC

ETH

XRP