Thanks to this latest transformation, travelers who want to visit Venezuela will be able to buy flight tickets using crypto assets.

Maiquetía International Airport in Venezuela to Accept Crypto as Payment

It seems quite soon that crypto assets will be adopted as a payment method for flight tickets in Venezuela. As the statement by the director of the Maiquetía International Airport, Freddy Borges, says, the company is currently working to transform its payment technology to include cryptocurrencies as a payment option for flight tickets as well as other services. Freddy Borges remarked:

“We will activate the button for cryptocurrency payments on the airport platforms and commercial activities, in coordination with Sunacrip.”

Airport director Freddy Borges mentioned bitcoin, national Petro, and dash among the crypto assets that would be accepted in the new payment technology. The statements by Freddy Borges demonstrate that the company acknowledges the significance of adopting the new payment methods so that they can facilitate the payments and attract more tourists to the country. He considers it a need that the airport must soon implement the latest tools so that the tourists might use them.

The regulation of the use of crypto assets that would be accepted as payment methods will be performed by the national cryptocurrency watchdog, Sunacrip. As hosting passengers from 17 international destinations, The Maiquetia International Airport is one of the major public airports in Venezuela.

Crypto assets have also been mentioned before as an alternative payment method for flight tickets in the country. The national airline named Conviasa stated in 2019 that it would start accepting Petros in ticket payments. The then national cryptocurrency superintendent Joselit Ramirez had stated that the transactions would be performed in less than two minutes.

After Conviasa last August, another national airline named Turpial Airlines also announced that the company would accept ticket payments in bitcoin. Turpial Airlines, as a small company with 3 Boeing planes, has been a pioneer among the private airlines which support cryptocurrency acceptance.

At the beginning of this year, the president of Venezuela, Nicolas Maduro, has announced his belief that this year would be the “revival” year for cryptocurrency systems. Even though the crypto universe has witnessed an almost non-stop inflation and devaluation this year, the recent announcement by Maiquetía International Airport might be related to the remarks by president Nicolas Maduro. At the beginning of October, the Venezuelan government performed a redenomination of the fiat money, erasing six zeros so that the payments would be easier.