Venezuelan international airport will accept Bitcoin payments, according to reports.

 125 Interactions,  2 Today

“In order to be accessible, we must advance in these new economic and technological systems,” said Maiquetia airport director.

According to reports, a major international airport in Venezuela is planning to begin accepting cryptocurrencies such as Bitcoin (BTC) as payment for tickets and other services.

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

According to Maiquetia airport director Freddy Borges, the airport intends to accept a variety of cryptocurrencies, including Bitcoin, Dash, and Venezuela’s oil-linked digital currency, the Petro. He stated that the airport administration would implement new payment methods in collaboration with Venezuela’s National Superintendence of Crypto Assets and Related Activities.

The introduction of crypto payments at the Maiquetia airport would mark the company’s commitment to advance toward international standards and drive digital currency adoption, Borges noted. According to the executive, the crypto payment option would benefit foreign tourists, including those from Russia.

See also  Do you want to bet on Ethereum's recovery? Here's what you should know.

“We must advance in these new economic and technological systems to be accessible,” Borges reportedly stated.

The announcement comes as Venezuela is testing a central bank digital currency (CBDC), with the country’s central bank launching the digital Venezuelan bolivar on October 1. Unlike a CBDC, which is linked to Venezuela’s national currency, the Petro is an oil-backed cryptocurrency that the government launched in February 2018.

Several airports and airlines around the world have been exploring ways to introduce crypto payments and blockchain-based functionalities in recent years, improving customer verification services and providing better options for cash payments, including COVID-19 test results. In March, Latvian airline airBaltic started accepting Ether (ETH) and Dogecoin (DOGE) as payments for tickets after rolling out crypto payments back in 2014.

Subscribe to our newsletter


Leave a Reply

Your email address will not be published. Required fields are marked *