Latvian national airline AirBaltic has become the world's first airline to accept Bitcoins as payment for its services, the company informs.
© Reuters/Scanpix

AirBaltic accepts Bitcoin as payment for tickets on its website www.airbaltic.com. The ticket prices on the website are displayed in euros, but when AirBaltic customers pay for their flight, their Bitcoins are converted to euros at the current exchange rate.

To make this possible, airBaltic teamed up with Bitpay, a third-party payment processor that converts Bitcoins into euros.

Bitcoin is a software-based payment system introduced in 2009. Payments are recorded in a public ledger and bitcoin is its unit of account. Bitcoin payments are accepted by companies like WordPress.com, Overstock.com, Expedia, Dell, and others.

Leave a comment
or for anonymous commenting click here
By posting, you agree to terms
Read comments Read comments

Technical scenario for Baltic grid synchronization approved in Brussels (Updated)

The project for the synchronization of the Baltic power grids with the Continental European system...

Lithuanian transport minister calls Latvia's claims over Renge 'a stab in the back'

Lithuanian Transport Minister Rokas Masiulis says that Latvians' demand that Lietuvos...

Lithuania, Latvia holding talks on ambulance services in border areas

Lithuania and Latvia are holding talks on the provision of ambulance services in border areas.

Lithuanian military helicopters continue to help Latvia, Sweden fight wildfires

Two Mi-8 helicopters of the Lithuanian Air Force have been helping to fight wildfires in Latvia...

Latvia thanks Lithuania for help in extinguishing fires

Latvia on Wednesday thanked Lithuania for its assistance in extinguishing forest and peat fires in...