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Author Topic: Airline agency will accept crypto payments?  (Read 265 times)
tech30338 (OP)
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October 11, 2024, 02:19:29 AM
Last edit: October 11, 2024, 01:29:08 PM by tech30338
 #1

A Travel agency who will accept payments via crypto this is good news besides being easy to pay, they also say that it has lower transaction fee's, they team up with Triple A,
what can you say about this one, this will also help crypto be known to everyone who have money to know that there is also digital currency that can be use other than those
they already known before.
They said you can pay via:
Bitcoin, Eth, USDT, USDC, and Binance pay, im sure there will be other crypto once this has been known or if lots of people will use this.
Here is the link:
https://technode.global/2024/10/11/alternative-airlines-partners-triple-a-to-expand-cryptocurrency-options/

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October 11, 2024, 06:26:44 AM
 #2

It is always good when a business adds the option of bitcoin or crypto payment, it helps to grow adoption in any little way at all, so it is a good news.
they also say that it has lower transaction fee's, they team up with Triple
I am guessing they mean for the travel agency receiving the crypto through a payment processor, Triple-A. Because if for example you want to pay for your flight with bitcoin, the state of the network at that time determines the fee you'll pay and these platforms have no say in it. If it is congested at that time, you will pay a high fee.

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October 11, 2024, 06:35:58 AM
 #3

A Travel agency who will accept payments via crypto this is good news besides being easy to pay, they also say that it has lower transaction fee's, they team up with Triple
what can you say about this one, this will also help crypto be known to everyone who have money to know that there is also digital currency that can be use other than those
they already known before.
They said you can pay via:
Bitcoin, Eth, USDT, USDC, and Binance pay, im sure there will be other crypto once this has been known or if lots of people will use this.
Here is the link:
https://technode.global/2024/10/11/alternative-airlines-partners-triple-a-to-expand-cryptocurrency-options/

The partnership between Alternative Airlines and Triple-A to facilitate booking flights with many cryptocurrencies is a welcomed development. It will benefit customers who are comfortable using crypto to make payments and reduce transaction fees. It will also benefit both companies since this move will attract many crypto users to patronize the travel agency. Alternative Airlines might not be a Fortune 500 company, but its new policy is a plus to crypto adoption.

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October 11, 2024, 06:49:00 AM
 #4

they team up with Triple
It's Triple-A.
So, the travel agency's name is Alternative Airlines and this is a good partnership for them because they'll also cater to crypto travelers. To be honest, this is the first time that I've heard about this third-party payment company. So, they're the same as the known ones that we've got like Bitpay, etc. We need more of these travel agencies, companies and partnerships to widen the crypto adoption and whoever wants to pay crypto with their travels, the merchants have no problem accepting them because of these TP providers, they can convert crypto on an instant into fiat or preferred currency.

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October 11, 2024, 07:32:01 AM
Merited by hugeblack (4), tranthidung (1)
 #5

They said you can pay via:
Bitcoin, Eth, USDT, USDC, and Binance pay, im sure there will be other crypto once this has been known or if lots of people will use this.

Don't be so sure, for the buyers there is a little advantage over using a credit card.
First, you're paying through a foreign company, so if anything goes wrong with your payment you have to go and deal with an AI operator as they provide no free phone call options, unlike your typical bank. Then, as stated in the article, welcome to headache number two:

Quote
For merchants, digital currencies also remove the risk of chargebacks, providing greater financial certainty and reducing potential disputes.

With traditional methods you simply call your bank and dispute the charge, with this one, well, good luck as you have no way of reversing it, so what customer do you think will put himself into this position, and for what advantages? Not to even touch the subject of privacy since there won't be any as you will pay for a ticket with your name written on it!
It would have been one thing if the company had accepted crypto directly but adding another player in this is just the mess people want to stay away from.


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October 11, 2024, 07:37:38 AM
 #6

Good move but according to the article they use a payment processing service called Triple-A which receives bitcoin from customers and deposits the USD/GBP into the company's accounts, so they don't accept bitcoin directly although it is a good move. the one who pays in cryptocurrencies is the losing party and the Airline agency will receive the payments in dollars.


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October 11, 2024, 08:04:25 AM
 #7

Good move but according to the article they use a payment processing service called Triple-A which receives bitcoin from customers and deposits the USD/GBP into the company's accounts, so they don't accept bitcoin directly although it is a good move. the one who pays in cryptocurrencies is the losing party and the Airline agency will receive the payments in dollars.


might just be that the airline company just want to outsource a third party to take care of receiving the deposit in crypto while they get the payment in a stable form of USDT.

Exception of the few limitations that might come with this, It's a good development to have crypto as a payment option in airlines that houses people accross different part of the world. It's one way that a lot of people that don't know about certain crypto will look into it and somehow, we might get to see other airlines and firms copying this depending on how well this company is able to manage this. With time, the airline might improve to the point of accepting direct payment in Bitcoin so it's more direct and redundancy can reduce to a large extent.

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October 11, 2024, 08:15:04 AM
 #8

Don't be so sure, for the buyers there is a little advantage over using a credit card.
First, you're paying through a foreign company, so if anything goes wrong with your payment you have to go and deal with an AI operator as they provide no free phone call options, unlike your typical bank. Then, as stated in the article, welcome to headache number two:

That's right sir, the level we want to confirm a small problem to the exchange from the assets we have deposited that have not been entered must deal with the AI ​​operator and it feels quite boring. and fortunately there are still other options where our complaints want to be connected manually to be handled.

I think for the air travel model, it is better to just make the payment manually because the payment option pattern as above if an error occurs at any time either from us or the airline can be handled quickly without having to spend more money for a second order.

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October 11, 2024, 10:47:12 AM
 #9

The company accepts many more cryptocurrencies than those stated in the OP. I counted about 90 different coins and tokens that customers can pay with. I don't even know some of the assets in this list.
AlternativeAirlines has been around since 2004, but honestly, this is the first time I hear about them. I will bookmark the page. It might come in handy in the future.

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October 11, 2024, 11:09:43 AM
 #10

This is indeed positive news!

Interest in cryptocurrency is growing, and its integration into air travel makes the purchasing process even simpler while reducing fees.

This step could significantly change the travel industry, opening up new opportunities for travelers!
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October 11, 2024, 12:33:36 PM
 #11

This is not a service that was not available before - because there are some companies that allow you to buy plane tickets and book hotels by paying with cryptocurrencies. I would just like to know how many people actually decide to make such a payment, because it is no secret that the majority of people who invest in Bitcoin and altcoins have never paid (purchased) anything with them.

For more info :

Code:
https://onedayitinerary.com/6-travel-sites-that-accept-cryptocurrency-as-payment/

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October 11, 2024, 01:54:03 PM
 #12

Then, as stated in the article, welcome to headache number two:

Quote
For merchants, digital currencies also remove the risk of chargebacks, providing greater financial certainty and reducing potential disputes.

With traditional methods you simply call your bank and dispute the charge, with this one, well, good luck as you have no way of reversing it, so what customer do you think will put himself into this position, and for what advantages?
Bitcoin transactions are irreversible and altcoin transactions are mostly irreversible too with exceptions are when their centralized teams want to roll back the blockchain like ETH after the DAO hack, Binance with proposal from CZ to roll back Bitcoin blockchain. Basically, cryptocurrency transactions are supposed to be irreversible.

Hence, the risk of making mistake in broadcasting a transaction is high, and if you did it, you lost your money. No reverse and merchants can not support you to recover your fund mistakenly sent.

Irreversible transactions

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October 11, 2024, 02:17:56 PM
 #13

It's always a good thing to see things like this where crypto-currency is being accepted as a medium of exchange for goods and services. I am personally impressed and I hope to see more of this, but this should not mean you should start using the airlines.

Don't get me wrong I am excited about the possibilities this would open up for crypto-currency but let's still not drop our guard. Many low quality companies knows this would be a good strategy all they need to do is allow the use of crypto for payment and they have gotten a community. I believe even if they accept crypto you still have to vet the standard of quality service you would be getting from the company. This should even be a bigger factor than crypto payments.
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October 11, 2024, 02:38:02 PM
 #14

Don't get me wrong I am excited about the possibilities this would open up for crypto-currency but let's still not drop our guard. Many low quality companies knows this would be a good strategy all they need to do is allow the use of crypto for payment and they have gotten a community. I believe even if they accept crypto you still have to vet the standard of quality service you would be getting from the company. This should even be a bigger factor than crypto payments.
They can use it as one of their marketing tools to advertise their companies, brands to more people and to help them gaining more new customers. It is only for short term marketing and effects will neither last long nor sustainable. In the end, each company that is either big or small, must maintain their customers by quality of their products and services.

If they have good services and products, their customers will stay, and if not they will leave. This fact is proven with marketing programs too, as big companies can have good effects from marketing, in short term and long term, but new and small companies have to struggle to run marketing program and balance their business operation budget while effects are very uncertain.

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October 11, 2024, 03:23:08 PM
 #15

I would just like to know how many people actually decide to make such a payment, because it is no secret that the majority of people who invest in Bitcoin and altcoins have never paid (purchased) anything with them.
I paid my vacations with Binance Visa card several times, but only if that vacation wasn't in worst periods of the bear market. True, its not a direct payment but if there was such an opportunity, I would definitely use it.

But youi are right, probably not many spend their crypoto that way.


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October 11, 2024, 05:06:31 PM
 #16

This is not a service that was not available before - because there are some companies that allow you to buy plane tickets and book hotels by paying with cryptocurrencies. I would just like to know how many people actually decide to make such a payment, because it is no secret that the majority of people who invest in Bitcoin and altcoins have never paid (purchased) anything with them.

For more info :

Code:
https://onedayitinerary.com/6-travel-sites-that-accept-cryptocurrency-as-payment/

Yes, when I joined this forum several years ago eDreams was accepting Bitcoin for travels as far as I remember, along with other companies and airlines; but then something happened and most of them stopped accepting it. The timing was almost the same as when Steam stopped accepting Bitcoin, again, if I remember it right.

Since then I have heard about different attempts and announces which were not finally carried out, after seeing that cryptos were being associated with scams in the media, and detaching from it.

The fact that now new companies are accepting Bitcoin or interested in accepting it reflects a change in the way it is perceived.

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October 11, 2024, 08:16:15 PM
 #17

A Travel agency who will accept payments via crypto...
Based on the content of "this page", it appears that this isn't the first time the online travel agency in question has partnered with a cryptocurrency payment provider [it's actually their fifth partnership with such services].
- FWIW, I prefer to go to a local travel agency and pay in cash, but it's always nice to see a platform with multiple crypto payment options.

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October 11, 2024, 08:52:36 PM
 #18

A Travel agency who will accept payments via crypto this is good news besides being easy to pay, they also say that it has lower transaction fee's, they team up with Triple A,
what can you say about this one,

Well, it's another positive news for cryptocurrency in general. When major firms/organization begins to show interest in cryptocurrency thereby adding it as a payment option to other available payment options, then it means cryptocurrency is getting more recognition in all firms and globally.

And I think those who seek flexible and fast payment might take advantage of this new payment option available. And I also like the fact that the remitter days are gradually coming to an end, as passengers will prefer to scam the Airline's QR code to make payment for their flights.

But what I feel is that bear season might be a factor that some passengers will find challenging, because some people might not want to touch their portfolio when they are bearish, unlike when they are very bullish.

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October 11, 2024, 09:07:07 PM
 #19

This is a good news especially to those who travels a lot and they have the option to pay using bitcoin. When a company does accept Bitcoin as a medium for payment then it also brings a positive outcome to bitcoin and recognition which I think other people who doesn't trust cryptocurrency will surely trust crypto later on due to this news. There are others that accepts crypto already but I think that it is still a good news if there are more services or companies that accept crypto as another payment option.

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October 12, 2024, 05:09:35 AM
 #20

A Travel agency who will accept payments via crypto this is good news besides being easy to pay, they also say that it has lower transaction fee's, they team up with Triple A,
what can you say about this one, this will also help crypto be known to everyone who have money to know that there is also digital currency that can be use other than those
they already known before.
They said you can pay via:
Bitcoin, Eth, USDT, USDC, and Binance pay, im sure there will be other crypto once this has been known or if lots of people will use this.
Here is the link:
https://technode.global/2024/10/11/alternative-airlines-partners-triple-a-to-expand-cryptocurrency-options/
This kinds of move is what is highly needed to make Bitcoin adopted in the mainstream so it is indeed a welcomed development. Such system will prove efficiency and convenience and through it many people will learn about cryptocurrency and how it can actually make life easier. Another thing I have also realised is that people seems to be going for payment systems that accepts multiple cryptocurrencies and not just Bitcoin and I feel this will become the reality of Bitcoin if the much anticipated freedom of choice will be achieved. I sincerely hope that this project will be a success and that many other cooperations will copy this.

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