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Travelers Can Purchase Airline Tickets with Crypto in Venezuela


Travelers will be able to purchase airline tickets in Venezuela using cryptocurrencies in the near future. Freddy Borges (Director of Maiquetia International Airport) stated that the airport would soon accept cryptocurrencies like bitcoin and dash as payment methods.

Airport to Receive Crypto as Payment In Venezuela

The adoption of cryptocurrency to pay for Venezuelan airline tickets could be imminent. According to statements made by Freddy Borges, who is the director of the Maiquetia International Airport, the institution is working to adapt its payment system to receive some cryptocurrencies as payment for airline tickets and other services offered in the airport. Borges said:

” We will activate a button to accept cryptocurrency payments on airport platforms and commercial activities in coordination with Sunacrip .”

The officer listed bitcoin, dash and the national petrol as cryptocurrencies that could be supported. Borges stressed the importance of these payment options to make it easier for tourists to purchase goods in the country. Borges stated that the airport should make progress in the development of these new tools for tourists.

Sunacrip will regulate the use of these cryptocurrencies for payment methods. The Maiquetia International Airport is one of the most important civil airports in the country, receiving passengers from 17 different international destinations.

Not for the First Time

This does not mean that cryptocurrency isn’t being mentioned as a payment method for airline tickets in Venezuela. A national airline called Conviasa announced it would start selling tickets in Petros back in 2019. Joselit Ramirez (the national cryptocurrency superintendent) stated that these operations would be confirmed in less than two minutes.

Then, Turpial Airlines, another national airline, announced it would be accepting payment in bitcoin for tickets last August. This small airline operates three Boeing aircraft and was the first to announce support for cryptocurrency payments.

This announcement seems the result of what Nicolas Maduro, the president of the country, stated in January, when he stressed this would be the year for the “revival” of all cryptocurrency systems. But inflation and devaluation are not over. To facilitate payments, the Venezuelan government imposed a redenomination on October 1. It slashed six zeros from the fiat currency.

What do you think about Venezuelans being able to purchase airline tickets with cryptocurrency? Please leave your comments below.

Image Credits: Shutterstock, Pixabay, Wiki Commons

Disclaimer: This article is for informational purposes only. This article is not intended to be a solicitation or offer to buy or sell any products or services. does not provide investment, tax, legal, or accounting advice. The author and the company are not responsible for any loss or damage resulting from or in connection to the content, goods, or services discussed in this article.

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BTC slips amid poor debut for Hong Kong spot ETFs

Bitcoin fell to under $62,000 after spiking past $64,700 earlier as Hong Kong spot Bitcoin and Ethereum ETFs began trading. Data showed trading volumes hit just over $11 million, against expectations of over $3oo million. Bitcoin price fell below $62,000 again amid market reaction to less than encouraging numbers from the first day of trading…

  • Bitcoin fell to under $62,000 after spiking past $64,700 earlier as Hong Kong spot Bitcoin and Ethereum ETFs began trading.
  • Data showed trading volumes hit just over $11 million, against expectations of over $3oo million.

Bitcoin price fell below $62,000 again amid market reaction to less than encouraging numbers from the first day of trading for much hyped spot Bitcoin and Ethereum ETFs in Hong Kong.

BTC was down about 1.4% at the time of writing, having touched lows of $61,587 across major crypto exchanges.

The benchmark cryptocurrency, which has struggled to reclaim key levels since its recent halving event, was seeing a 24-hour trading volume of $28.4 billion.

Bitcoin price and Hong Kong spot ETFs debut

Earlier, Bitcoin price surged to above $64,000 as the six spot Bitcoin and spot Ethereum ETFs went live in Hong Kong.

The flagship cryptocurrency rose to over $64,727 on US-based crypto exchange Coinbase. BTC also soared after reports Hong Kong approved the listing of the ETFs.

NEW: 🇭🇰 Opening ceremony of Hong Kong spot #Bitcoin ETFs 👏

— Bitcoin Magazine (@BitcoinMagazine) April 30, 2024

However, as data streamed in showing disappointing trading volumes and inflows, Bitcoin price took a hit. According to details of the six ETFs’s debut day, total trading volume reached just $11 million, not impressive given projections were much higher at over $300 million.

Bitcoin ETFs saw about $8.5 million while Ethereum ETFs recorded just $2.5 million on the first day. Ethereum price fell to $3,040.

Notably, the figures from Hong Kong are way lower compared to those recorded amid the enthusiasm that greeted the launch of spot Bitcoin ETFs in the US in January. On their debut, the US spot BTC ETFs raked in over $4.6 billion in trading volume.

The start to trading for the ETFs has not helped BTC price and BTC could face a slide under the $60k level if sentiment flips negative. On the upside, resistance at $65k remains critical and a breakout could see the bellwether digital asset soar towards its recent peak.

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