An international airport in Venezuela accepts Bitcoin payments

A major international airport in Venezuela is preparing to accept cryptocurrencies like Bitcoin (BTC) as payment for airfares and other services.

Simón Bolívar International Airport is working to enable cryptocurrency payments to meet local industry standardsThe regional news agency El Siglo reported on Sunday. The airport, also called Maiquetia, is located in the center of Caracas, the capital of Venezuela.

According to the director of Maiquetía Airport, Freddy Borges, The airport plans to accept many cryptocurrencies, including Bitcoin, Dash, and Venezuela’s oil-linked digital currency, Petro. He said the airport administration will introduce new payment options in coordination with the National Superintendency of Crypto Assets and Related Activities of Venezuela.

An international airport in Venezuela accepts Bitcoin payments
An international airport in Venezuela accepts Bitcoin payments

The introduction of crypto payments at Maiquetía Airport would mark the company’s commitment to move towards international standards and encourage the adoption of digital currencies, Borges said. According to the executive The cryptocurrency payment option would benefit foreign tourists, including those from Russia.

“We must move forward in these new economic and technological systems in order to be accessible”said Borges.

The news comes amid Venezuela’s experiments with a central bank digital currency (CBDC), which launched the Venezuelan digital bolivar on October 1. Unlike a CBDC, which is pegged to Venezuela’s local currency, the Petro is an oil-backed cryptocurrency that was introduced by the government in February 2018.

Related: BitMEX CEO Predicts Bitcoin will be legal tender in five countries by 2022

Various airports and airlines around the world have been looking for ways to introduce crypto payments and blockchain-based functionalities in recent years. Providing better options for cash payments and improving customer verification services, including COVID-19 test results. March, The Latvian airline airBaltic accepts Ether (ETH) and Dogecoin (DOGE) as means of payment for ticketsafter introducing crypto payments in 2014.

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