Norwegian Air to accept bitcoin and open the Norwegian Block Exchange

With a fleet of 195 aircrafts servicing over 500 routes, Norwegian Air is one of the giants in the air travel industry in Europe, and now the company will allow its passengers to buy their tickets with none other but Bitcoin.

However, the air travel giant is not stopping here – according to Yahoo Finance Norwegian Air will also open a cryptocurrency exchange.

The plan for now is to enable citizens of Norway to pay their tickets in cryptocurrencies, one of which – bitcoin. The exchange called Norwegian Block Exchange (NBX) will open some time in August. After the initial rollout the plan for now is to launch exchanges in other countries.

The exchange (NBX) will allow users to earn points by trading and will be integrated into the current rewards program of Norwegian Air. The points earned on NBX can then be used for ticket discounts and other interesting perks for customers.

According to Stig A. Kjos-Mathisen, who will be the head of the NBX commented the following, as reported by Norway’s Dagens Næringsliv (DN):

NBX’s customers are given the opportunity to earn cash points “on trades on the stock exchange, as well as on payments made through the payment solution NBX stock for the airline.

The idea of such revolutionary payment system in the air travel came from the founder of Bjørn Kjos and his family. They own Norwegian Air. The son of the tycoon is also a huge bitcoin investor.

More about bitcoin can be found here:

Read Also: