AirBaltic Waives Controversial Bitcoin Transaction Fee
Updated with comment from BitPay. Latvian airline airBaltic has decided to eliminate its controversial transaction charge on bitcoin purchases. Earlier this week, the firm became the first European airline to accept bitcoin for flight bookings. The news was covered by digital currency news outlets and even some mainstream media, putting Latvia firmly on the cryptocurrency map. However, enthusiasm soon waned after it emerged that the airline was still charging its standard €5.99 fee on bitcoin transactions - the same as customers paying with a credit card. Prompt u-turn. The airline....
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Latvia's flag carrier airline quietly announced they would be accepting bitcoin about four days ago - becoming the first airline in the world to directly accept bitcoin. But despite community excitement over the event, many quickly expressed disappointment when they realized that enthusiasts buying tickets with the digital currency would be assessed an additional convenience fee. That fee, €5.99, was widely considered to be strange. After all, why would you charge a fee for using a currency that's effectively saving you money on card processing fees. airBaltic has apparently listened. As....
Latvia's national airline, airBaltic, is becoming one of the latest companies around the world to embrace digital currency. The airline - established in 1995 - confirmed the news via Twitter Monday morning in response to a public inquiry. The low-cost Latvian flag carrier has a fleet size 25 aircraft and flies to approximately 60 destinations, and will gladly take your bits, provided you're able and willing to cough up €5.99 to pay off a transaction fee. Users on Twitter were quick to fire back, with one user saying, "Transaction fee?, you might be a little confused on how bitcoin works."....
Neil Murray is an entrepreneur and writer involved in the Nordic and European startup scene. He runs The Nordic Web, a content and data provider, alongside VIP VoIP, an event series which connects local startup ecosystems with global tech players. Here, he discusses the perks of bitcoin as both a marketing tool and a cheaper transaction method. This week, Latvia's national airline, airBaltic, confirmed that it is now accepting bitcoin, and that in doing so, it became the first airline that accepts bitcoin directly, rather than through a third party. Indeed, it's true - we have become the....
Latvian airline airBaltic may be the first to accept payments in bitcoin, according to a Twitter post issued by the company. Although no formal press release was made, airBaltic's website quietly began displaying the offering on 17th July. The company later acknowledged the decision when Twitter user Club Alpaca asked the company to confirm the news today. A company representative in Riga said that the bitcoin payment option is offered for basic class fares, excluding China, Indonesia, India, Iceland, Jordan, Japan, Lebanon, Malaysia, Russia, Taiwan and Vietnam. Other travel services....
The national carrier began accepting crypto payments in 2014. Passengers flying with Latvian airline airBaltic now have more cryptocurrency payment options.According to an announcement on the airline’s website on Monday, passengers can now pay for flight tickets using Ether (ETH) and Dogecoin (DOGE). Other accepted virtual currencies include Bitcoin Cash (BCH) as well as four U.S. dollar-pegged stablecoins: USD Coin (USDC), Binance Dollar (BUSD), Gemini Dollar (GUSD) and Paxos (PAX).The airline began accepting Bitcoin (BTC) payments back in July 2014. Indeed, the Latvian national carrier....