Air Lituanica flight tickets can now be purchased with Bitcoin

Air Lituanica has announced its operated flights can now be purchased with bitcoins.

The growing value of bitcoins proves that people welcome innovations and willingly accept the new currency. Despite the fact that the value of this currency in a common market is still very small, in a few years it might unexpectedly become the driving force behind the financial market revolution.

The first payment in bitcoins was made recently – a customer form the Netherlands purchased tickets for the flight Amsterdam-Vilnius-Amsterdam.  When customer chooses to pay in bitcoins for the flight, their bitcoins are converted into euro or litas at the applicable rate. The virtual currency exchange rate is generated from the bitcoin exchange – Bitmarket.

Simonas Bartkus, Air Lituanica, Director of Commerce said: “Bitcoin payments are highly beneficial for the aviation market – this currency helps to attract more buyers from abroad as bitcoins can be used anywhere in the world, The money transfer is fast, therefore, there are no added taxes otherwise deducted by banks and agents. This probably is the reason behind the popularity of virtual money among travelling young people.”

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