The airline signs an agreement with the world's largest
provider of Bitcoin and cryptocurrency payment services
BARCELONA, Spain, June 16,
2022 /PRNewswire/ -- Vueling, an airline part of IAG,
and BitPay, the world's largest provider of Bitcoin and
cryptocurrency payment services, have reached an agreement allowing
the airline's customers to make payments through this digital means
of exchange.
To offer this service, the airline will use UATP's technology,
the global payment network for the airline industry, which allows a
fast integration process. Thanks to this alliance, Vueling will
become the first low-cost airline in Europe to accept cryptocurrencies as a payment
method. This service will be available at the beginning of 2023 at
www.vueling.com, and for individuals only.
Ticket prices will be displayed in Euros and customers will be
able to pay for their flight from more than 100 wallets and choose
between 13 different cryptocurrencies such as Bitcoin (BTC),
Bitcoin Cash (BCH), Dogecoin (DOGE), Ethereum (ETH), Litecoin
(LTC), Shiba Inu (SHIB) and Wrapped Bitcoin (WBTC).
Paying with cryptocurrencies is a push transaction, meaning the
user sends the exact amount, rather than a withdrawal like
traditional credit or debit cards, eliminating transaction fraud
and phishing.
Jesús Monzó, Manager of Distribution Strategy and Alliances
at Vueling says:
"With this agreement, Vueling once again reaffirms its position
as a digital airline. We are very pleased to have found in BitPay
the best partner to offer our customers the possibility of making
transactions with cryptocurrencies with the greatest security and
reliability".
Merrick Theobald, Vice
President of Marketing at BitPay says:
"Vueling recognizes the potential of cryptocurrencies to
transform the airline industry, making payments faster, more secure
and less expensive on a global scale. Our goal at BitPay is to make
the acceptance of cryptocurrencies a seamless process and increase
its adoption, as we believe that cryptocurrencies are the future of
payments."
"Offering cryptocurrency as a form of payment to the buying
public is a must in this digital-age of payments. UATP and BitPay
partnered to bring this option to the airline industry and is
fulfilling the rising demand of Vueling's customers to pay with
cryptocurrency," stated Rachel
Morowitz, SVP Partner Processing,
UATP. "It's an exciting time in
payments, and we look forward to watching this partnership, and
Vueling's use of cryptocurrencies accelerate quickly."
About BitPay
Founded in 2011, BitPay pioneered blockchain payment processing
with the mission of transforming how businesses and people send,
receive, and store money. Its business solutions eliminate
transaction fraud, reduce the cost of payment processing, and
enable borderless payments in cryptocurrency, among other services.
BitPay offers consumers a complete digital asset management
solution that includes the BitPay Wallet and BitPay Prepaid Card,
enabling them to turn digital assets into dollars for spending at
tens of thousands of businesses. The company has offices in
North America, Europe, and South
America and has raised more than $70
million in funding from leading investment firms including
Founders Fund, Index Ventures, Virgin Group, and Aquiline
Technology Growth. For more information visit bitpay.com.
About UATP
UATP is a global payment solution owned and operated by the
world's airlines and accepted by thousands of merchants for air,
rail and travel agency payments. UATP connects airlines to
Alternative Forms of Payment which can expand reach and generate
incremental sales globally. UATP offers easy-to-use data tools,
DataStream℠ and DataMine℠, which provide comprehensive account
details to Issuers and Corporate Subscribers for accurate travel
management. Accepted as a form of payment for corporate business
travel worldwide by airlines, travel agencies and Amtrak®; UATP
accounts are issued by: Aeromexico; Air Canada (TSE: AC); Air
China; Air New Zealand (ANZFF.PK); Air Niugini; Air Serbia;
American Airlines (NASDAQ: AAL); APG Airlines; Austrian
Airlines; BCD Travel; China Eastern Airlines (NYSE: CEA);
Delta Air Lines (NYSE: DAL); EL AL Israel Airlines; Etihad
Airways; Fareportal; Frontier Airlines; GOL Linhas aereas
inteligentes S.A. (NYSE: GOL and Bovespa: GOLL4); Hahn
Air; Hight Point Travel; Japan Airlines (9201:JP); JetBlue Airways;
Qantas Airways (QUBSF.PK); Shandong Airlines; Sichuan Airlines;
Southwest Airlines; Sun Country Airlines; TUIfly GmbH; Turkish
Airlines (ISE:THYAO); United Airlines (NASDQAQ: UAL) and
WestJet. AirPlus International issues the UATP-based Company
Account for Lufthansa German Airlines.
About Vueling
Vueling, part of the IAG group, is a key player in European
connectivity, which makes it a key company for economic and tourism
development. For summer 2022, the company has a network of more
than 330 short and medium-haul routes in Europe, North
Africa and the Middle East,
which are operated with a fleet of Airbus A319, A320, A320neo and
A321 models.
In the current environment, Vueling continues to advise all
customers to use its digital tool on the website and mobile app,
which provides updated information on the documents required to
travel to each destination.
Contact:
Corporate Communications
Wendy Ward
wward@uatp.com
202-250-4665
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SOURCE UATP