According to PrivateFly, a Private aviation company, approximately 20% of its yearly revenues now come from travellers paying with bitcoin. With the growing popularity of cryptocurrency, some airlines now accept bitcoin as a form of payment from travellers.
Based on a recent report from PrivateFly, 12 per cent of flights recorded in December were paid for using bitcoin. In january it increased to 13 per cent which was a huge success compared to the previous 2 per cent of flights paid via the digital currency.
The report further states that the increase in revenue is even more as travellers paying with bitcoin spends more on expensive travel classes.
Adam Twidell the CEO of PrivateFly said “Some of these are clients who are looking to realise their gains, while others want to hold onto their cryptocurrency, in expectation of future increases. So, in addition to taking out a membership with us in Bitcoin and converting the account funds into traditional currency (as we have offered for a while), we now offer a membership program that allows the account funds to stay in Bitcoin.”
With this said PrivateFly’s results clearly show that travellers with bitcoin are willing to spend the digital coin for flight payment, which the private aviation company capitalizes on to generate more revenue for the company, while other airlines might be missing a trick.
