One of the most popular airlines in Europe, LOT which is a polish based airlines is now accepting Bitcoin for booking flights online for more than 60 destinations worldwide.
The airline stated in their latest press release that they want passengers to not only enjoy the comfort provided in flight but also the process of buying tickets online.
LOT has partnered with BitPay (A Bitcoin Payment Processor) which converts the tickets fiat rate in USD, EURO, PLN etc into Bitcoin rate and the user can easily pay via the website or the mobile app.
With this integration, LOT has officially become one the few Airlines to officially accept Bitcoin for purchasing of tickets online. Some previous examples of Bitcoin integration are airBaltic and Lithuanian Air.
Technically the website doesn’t directly allow the purchase of tickets with Bitcoins but converts the fiat currency into current Bitcoin rate and after selecting the flight time and seats and providing some needed information, the user is redirected to the payment processor to complete the transaction.
Apart from Bitcoin LOT also Accepts PayPal, Visa, MasterCard, AMEX and Bank transfer for the sake of purchasing tickets online.
With LOT implementing Bitcoin, they have saved a fortune as well as passengers as cryptocurrencies are the safest and easiest means of Payment online. Worth Mentioning is that every 1 out of 3 tickets on LOT is made online.
Bitcoin gives an advantage for accepting payments as they are free of chargebacks so fake tickets cannot be an option here unlike Credit Cards and PayPal where Enterprises have to wait longer for payments to get verified as Bitcoin is successful for users as tickets would be verified instantly as payments are verified instantly.