Spain Spain 2 weeks ago

Vueling Signs Crypto Deal To Explore NFT Tech

News

The Spanish low-cost carrier Vueling has signed a collaboration with Criptan to research the adoption of NFT technology and crypto payments in 2023.

Aviation plays a fundamental role in connecting people, economies, and cultures of the entire world. Consequently, this industry is strictly interlinked to the socio-economic environment and how it evolves over time. Additionally, technological advancements and innovations of all kinds influence aviation on a daily basis, both from an operational and managerial perspective.

For instance, several airlines are investing in adopting non-fungible tokens, also known as NFT technology. The latest addition to the list is the low-cost carrier (LCC) Vueling. Let's have a closer look at what the Spanish airline has in store.

On January 13th, the Spanish low-cost carrier Vueling Airlines, part of the International Airlines Group (IAG), and Criptan, a platform for buying and selling cryptocurrencies, announced a collaboration thanks to which both parties will investigate the possibility for Vueling to adopt the NFT technology and, thus, crypto payments.

According to Vueling, the collaboration with Criptan will enable the carrier to increase the convenience for its customers, who will be able to pay for plane tickets using cryptocurrencies. For such a service to be implemented, Vueling Airlines will rely on the Universal Air Travel Plan (UATP) technology, i.e., the global payment network for the airline industry. By cooperating with an expert in the field of blockchain technology and NFTs, Vueling aims to research the viability of adopting innovative payment solutions, continuously improving the user experience by leveraging digital tools.

Suppose the results of the alliance between Vueling and Criptan are positive. In that case, the Spanish low-cost carrier will become the first European carrier to accept cryptocurrencies as a form of payment. According to Vueling, customers will have the chance to purchase tickets adopting this method starting from the second half of 2023.

Vueling's distribution and alliances manager, Jesús Monzó, commented on the newly announced collaboration by stating:

"This agreement places us at the forefront of new technologies and innovation, further strengthening our commitment to our customers and offering the best and most advanced tools and solutions on our website"

On the other hand, Jorge Soriano, CEO of Criptan, stressed how the alliance aims to leverage the convenience brought about by the adoption of the crypto and web3 ecosystem to bring the customer experience in the airline industry to the next level.

Sources:

aviation collaboration Criptan news Vueling Airlines
Recent News
Coinbase To Halt Operations in Japan
2 weeks ago
Due to a trading slump in the country, Coinbase is halting its operations in Japan. The crypto exchange originally started planning its Japanese expansion during the bear market in 2018.…
Yuga Labs' Sewer Pass NFT Collection Nets Over $6M in Sales in Just Hours
2 weeks ago
After announcing the release of a new non-fungible token (NFT) project within the Bored Ape Yacht Club ecosystem, Yuga Labs released its Sewer Passes for minting on Wednesday, yielding over…
Russia and Iran Partner on Stablecoin Initiative
2 weeks ago
Russia and Iran are reportedly working together to create a stablecoin backed by gold. According to the Russian news agency Vedomosti, Iran is working with Russia to create a “token…
First National Geographic NFT Launch Meets Massive Backlash, Technical Issues
2 weeks ago
National Geographic has launched its first NFTs on Polygon and posted a detailed explainer of the technology on social media—prompting outright rage from hundreds of fans of the 135-year-old nature-centric…
BNV Announces M3TALOVE Collection Public Mint, the Breathtaking NFT Collaboration Between Weinsanto and LIGHTSUM
2 weeks ago
BNV (Brand New Vision), the company pioneering a new fashion ecosystem in the metaverse, has announced that the public NFT mint of the M3TALOVE collection, is now available for purchase…
Copyright 2022 nftrevolution.cloud