The Latvian airline announced Tuesday it would accept bitcoins as payment from passengers when booking flights.
AirBaltic announced Tuesday it would accept bitcoins as payment for its tickets to 60 different destinations in Europe, the Middle East, Russia, and Central Asia.
“Introducing the Bitcoin payment option is a part of our innovative approach to service with a central focus on our customer," Martin Gauss, airBaltic Chief Executive Officer, said in a statement released Tuesday.
Ints Kalnins / Reuters
AirBaltic is the first airline in the world to accept the virtual currency for payment, although Virgin Galactic customers have been able to pay for space flights using bitcoins since November of last year.
STEPHANE DE SAKUTIN/AFP / Getty Images
The ticket prices on the website are displayed in euros. When airBaltic customers pay for their flight, their Bitcoins are converted into euros at the current exchange rate. To make accepting Bitcoin possible, airBaltic teamed up with Bitpay, a third-party payment processor that converts Bitcoins into euros. The Bitcoin payment option is available when purchasing the cheapest tickets, known as airBaltic Basic class.
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