Copy link
Increase text size
Decrease text size
Link copied

Norwegian Air to soon start accepting crypto payments

Image by Norwegian Air Shuttle from YouTube

Fri, 21 Feb 2020, 11:55 am UTC

One of the largest airlines in Europe, Norwegian Air, is going to allow its passengers to pay for their travels using crypto as early as spring.

Cryptocurrency exchange and payment system Norwegian Block Exchange (NBX) CEO Stig Kjos-Mathisen revealed in an interview with a local business newspaper that NBX had successfully developed a payment infrastructure that will allow Norwegian travelers to purchase tickets using their digital assets, CoinDesk reported.

“Everything is ready to go from our side”, Kjos-Mathisen said.

At the time, it remains unknown which digital assets will be supported on NBX for ticket payments. However, in 2017, Lars Ola Kjos, the son of Bjørn Kjos - the founder and CEO of Norwegian Air, is said to have bought 3.5 million NOK ($404,000) worth of bitcoins (BTC).

With this move, Norwegian Air will join the small group of airlines that have opened their doors to bitcoin payments. The first airline company to do so was AirBaltic, a company based in Latvia, in 2014.

Launched in 2019, NBX aims to enable the everyday applications of cryptocurrencies and establish a complete ecosystem of blockchain-based services in the longer run. In September, Sparebanked Øst, a Norwegian bank, acquired a 16.3% ownership stake in NBX.

"As the NBX offer of digital asset trading, payment and saving solutions, and blockchain-based services has moved toward the mainstream, Sparebanken Øst believes, in taking an ownership interest in NBX, that NBX will offer solutions that will equip the bank to manage competition and future-oriented solutions for its customers," the announcement read.

Meanwhile, Venezuelan President Nicolas Maduro made a big announcement last month mandating PDVSA, a state-owned oil company, to accept state-backed digital currency, petro, as payment for the fuel it sells to airlines.

TokenPost | [email protected]

<Copyright © TokenPost. All Rights Reserved. >

To leave a comment, please sign in.
  • Moses
  • 2020.05.02 20:56:25
I am a cryptocurrency trader and i make over 200% daily, If you are interested,i can teach you how to trade and also help you achieve your goal in life with crypto i can turn
$4500 into $35000 in less then four weeks,now that bitcoin has low prices...please note that cryptocurrency trading is bitcoin unlike binary and Forex,bitcoin is traded for altcoins also you can reach to me if you are new to bitcoin and to give you more info and guideline on how to invest smartly, this is opportunity life time knocking on your door inbox me for more me on whatsapp :+12067425358 happy new year to you all .
  • 0
  • ·
  • 0
  • Bitcoin (BTC) $19,364.60 (+2.07%)
  • Ethereum (ETH) $613.80 (+4.11%)
  • XRP (XRP) $0.224600 (+0.84%)
  • Litecoin (LTC) $88.39 (+2.50%)
  • Chainlink (LINK) $13.93 (+1.66%)
  • Bitcoin (BTC) $19,364.60 (+2.07%)
Feb 21, 2020 (Friday)
Paxos launches blockchain-based securities settlement solution with Credit Suisse and Instinet
Brazil to launch new payment system in response to cryptocurrencies
Digital currency exchange Coinbase Pro lists Kyber Network token
Norwegian Air to soon start accepting crypto payments
Swedish central bank begins CBDC pilot with Accenture
Italian soccer team Juventus launches ethereum-based digital collectibles with Sorare
Feb 20, 2020 (Thursday)
Telecom companies complete cross-carrier mobile payments using blockchain
National Stock Exchange of Australia to develop DLT-based digital securities trading platform
South Korean ICO project discontinued, to return $7.5M to token holders
Samsung maintains crypto support in soon-to-launch Galaxy S20
BIS appoints Innovation Hub heads to lead Singapore and Switzerland
Coinbase becomes first crypto company to receive Visa principal membership
Dubai Economy and six banks launch KYC Blockchain Consortium
Crypto Technicals: ETH/USD under downside pressure after 'Bearish Engulfing' pattern
Tim Draper buys $1M worth of Aragon Tokens to create digital courts for DAOs
Renewable energy firm Acciona commits to take CBI’s blockchain-based carbon credits trading platform global
Crypto Technicals: BTC/USD trades below 21-EMA, break below 4H 200 MA (9386) to trigger further downside
Crypto exchange Coinfloor to launch a simplified bitcoin buying service
Indonesia’s customs department joins IBM- Maersk blockchain shipping platform “TradeLens”
Feb 19, 2020 (Wednesday)
Crypto custodian BitGo acquires digital securities startup Harbor
Subscribe to the TokenPost newsletter!
Don't show me this again today.
Back to top
Copyright ⓒ TokenPost. All Rights Reserved.