Latvia's airBaltic Now Accepts Bitcoin for Flight Bookings

The Latvian-based airline now offers a bitcoin payment option for basic class reservations.

AccessTimeIconJul 21, 2014 at 6:30 p.m. UTC
Updated Sep 11, 2021 at 10:59 a.m. UTC
10 Years of Decentralizing the Future
May 29-31, 2024 - Austin, TexasThe biggest and most established global hub for everything crypto, blockchain and Web3.Register Now
airbaltic
airbaltic

Latvian airline airBaltic may be the first to accept payments in bitcoin, according to a Twitter post issued by the company.

Although no formal press release was made, airBaltic's website quietly began displaying the offering on 17th July. The company later acknowledged the decision when Twitter user Club Alpaca asked the company to confirm the news today.

A company representative in Riga said that the bitcoin payment option is offered for basic class fares, excluding China, Indonesia, India, Iceland, Jordan, Japan, Lebanon, Malaysia, Russia, Taiwan and Vietnam.

Other travel services companies have also begun accepting bitcoin this year, although airBaltic may be the first airline.

Billionaire entrepreneur Richard Branson’s UK-based air carrier Virgin Atlantic has not begun accepting bitcoin, his space flight venture Virgin Galactic has. Just two months later six or seven people were confirmed for a space flight, paid for with bitcoin.

Customers question payment terms

Customers that choose to pay for their travel services in bitcoin still have to pay the €5.99 transaction fee, a decision one other Tweeter quickly challenged.

— airBaltic (@airBaltic) July 21, 2014

@Go3Team Hello! This fee is applied to cover the costs associated with processing and handling the booking, not the Bitcoin itself. — airBaltic (@airBaltic) July 21, 2014

The airline held that the fee was not for processing the bitcoin itself, but for separate handling charges.

Bitcoin gains ground in travel sector

Last month travel giant Expedia began accepting bitcoin for hotel bookings, but not for flight reservations so far. The company did not close specific numbers, but recently told CoinDesk that the response has been better than anticipated.

In November, CheapAir began accepting bitcoin for flight bookings, and it has since expanded its services to 200,000 partner hotels and railway offerings. The company recently announced it has topped $1.5m in total bitcoin sales.

CoinDesk has reached out to airBaltic for more details, but has not received an immediate response.

Latvia image via Shutterstock / Airplane image via Wikipedia

Disclosure

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.

CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a regulated, digital assets exchange. The Bullish group is majority-owned by Block.one; both companies have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary with an editorial committee to protect journalistic independence. CoinDesk employees, including journalists, may receive options in the Bullish group as part of their compensation.


Learn more about Consensus 2024, CoinDesk's longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. Head to consensus.coindesk.com to register and buy your pass now.