Simón Bolívar International Airport in Venezuela now accepts payments in Bitcoin



A major international airport in Venezuela is getting ready to start accepting cryptocurrencies like Bitcoin (BTC) as payment for tickets and other services.

Simón Bolívar International Airport is working to enable cryptocurrency payments to meet local industry standards, informed the regional news agency El Siglo on Sunday. Also known as Maiquetia, the airport is located in the center of Caracas, capital of Venezuela.

According to the director of Maiquetia airport, Freddy Borges, the airport plans to accept many cryptocurrencies, including Bitcoin, Dash and the Venezuelan digital currency linked to oil, the Petro. He said airport management would introduce new payment options in coordination with Venezuela’s National Cryptocurrency Assets and Related Activities Superintendence.

The introduction of cryptocurrency payments at Maiquetia airport would mark the company’s commitment to moving towards international standards and boosting the adoption of digital currency, noted Borges. According to the executive, the option of payment in cryptocurrencies would benefit foreign tourists, including those from Russia.

“We need to advance in these new economic and technological systems to be accessible”, said Borges.

The news comes amid Venezuela experimenting with a central bank digital currency (CBDC), with the country’s central bank launching the bolivar digital Venezuelan on October 1st.

Several airports and airlines around the world have been exploring ways to introduce blockchain and cryptocurrency-based payments and functionality in recent years, providing better options for cash payments and improving customer verification services, including test results COVID-19. In March, the Latvian airline airBaltic began to accept Ether (ETH) and Dogecoin (DOGE) as ticket payments after releasing payments in cryptocurrencies in 2014.

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Thomas Miles

Cryptocurrency is the most recently discovered currency which will be likely at the help of modernization across the next few decades. With a limited control from the government, the crypto market is independent of many features of a sound market as we know it. Thomas brings these stories to us by weaving them into articles of general importance to all those looking at the fluctuations in the market, or new entries. Thomas is also the founder of Bulletin Bits and is an excellent leader. His leadership is the kind that makes him the most knowledgeable and experienced on the team. His wonderful work ethic and attitude are worthy of imitation!

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