The Latvian airline announced that passengers traveling with airBaltic can now purchase their tickets using the alternative crypto currency Dogecoin.
Beloved by Elon Musk, founder of American Tesla, who contributed to Dogecoin’s rising popularity, the cryptocurrency was originally created as a product of humor and attracted a lot of followers thanks to its logo. Thanks to his strong commitment to online humor, his followers are growing day by day. Dogecoin registers a surge in value every time Musk tweets.
AirBaltic is currently the only airline that accepts Dogecoin. The airline was also the first company in the world to accept Bitcoin payments in 2014. In addition to these two cryptocurrencies, airBaltic also accepts Ethereum and four USD currency pairs: Gemini dollar, USD Coin, Paxos Standard Token and BinanceUSD.
Accepting cryptocurrencies is often considered risky for airlines due to the large changes in value. However, airBaltic provides the payment via BitPay, which transfers the payment in Euros.
The airline’s CEO, Martin Gauss, announced that around 1000 customers have been using cryptocurrencies to purchase flights since 2014.