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Venezuelan international airport to accept Bitcoin payments

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According to reports, a major international airport in Venezuela is planning to accept Bitcoin (BTC) as payment for tickets and other services.

According to regional news outlet El Siglo, on October 10, the Simon Bolivar International Airport is trying to make cryptocurrency payments conform to local business norms. The airport, also known as Maiquetia, is located in Caracas, Venezuela’s capital.

In fact, the airport in Maiquetia aims to accept a variety of cryptocurrencies. Including Bitcoin, Dash (DASH), and the Petro, Venezuela’s oil-pegged digital currency. In collaboration with Venezuela’s National Superintendence of Crypto Assets and Related Activities, Freddy Borges, Maiquetia airport director, claimed the airport’s management will provide new payment alternatives.

Borges said that allowing crypto payments at the Maiquetia airport would demonstrate the company’s commitment to moving toward international standards and promoting the use of digital currencies. Foreign travellers, especially Russian tourists, would profit from the crypto payment option, according to the CEO.

Borges allegedly remarked, “To be accessible, we must develop in these new economic and technical systems”.

International airports are researching ways to integrate crypto payments

The announcement comes as Venezuela tests a central bank digital currency (CBDC). With the country’s central bank releasing the digital Venezuelan bolivar on October 1. Unlike a CBDC, which is tied to the national currency of Venezuela, the Petro is an oil-backed cryptocurrency. Which established by the government in February 2018.

In recent years, several airports and airlines across the world have been researching ways to integrate crypto payments. As well, blockchain-based features. In order to enhance consumer verification services, including COVID-19 test results, and giving better choices for cash payments. After experimenting with cryptocurrency payments in 2014, Latvian airline airBaltic began taking Ether (ETH). As well as Dogecoin (DOGE) as ticket purchases in March.

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