World’s First All-You-Can-Fly Airline Accepts Bitcoin and Ethereum

Bitcoin And Ethereum To Be Accepted By The World’s First ‘ALL YOU CAN FLY’ Airline 

Surf Air, the first ‘all-you-can-fly’ airline of this world made an announcement of accepting crypto payments in exchange of its service on Tuesday. Customers can now pay in Ethereum and Bitcoin as the annual membership fee and also for chartering global flights. The airline had described this move as a ”natural progression” from its Silicon Valley roots.

Simon Talling-Smith, the CEO of Surf Air Europe says:

“Surf Air was built on the idea of disrupting and changing the way the world sources, purchases and accesses air travel so it only makes sense that we would be on the cutting edge of accepting new forms of payment such as bitcoin and Ethereum. This comes ahead of our inaugural flight from London City Airport that will transform the business travel experience for our European membership base,” 

The private jet service Surf Air expanded from its American base by launching its European service in June. With more than 30 daily flights across Texas and more than 70 flights daily in California, Surf Air is soon to launch its flight service from London city to Ibiza, Zurich and Cannes.

Brand new routes from Zurich to Munich and Luxembourg are also being planned to increase the inter-city connectivity. The company presently offers five membership options: Unlimited California or Texas, Unlimited United States, Unlimited Europe and Unlimited Global allowing customers to travel across California, Texas and Europe and also providing unlimited access to newly launched routes over a year.  Given the current exchange rate, the annual membership price shall range from 156.2784 ethereum or 7.3 bitcoin ($85,132 / £63,435) for Unlimited Global to 65.08032 ethereum or 3.04 bitcoin ($35,452 / £26,417) for Unlimited California or Texas.

Also Read: Japanese Low Budgeted Airlines, Peach, accepts Bitcoins in form of payments

This news comes at such a juncture when both the EU and UK governments are planning to crack down the operations of Bitcoins and similar cryptocurrencies. The main reason behind the same is increasing fear of regulators regarding the fact that such digital tokens are used to launder money and facilitate financial crimes.

Certain countries have come ahead with regulations to bind cryptocurrencies under a certain code of conduct, lift the anonymous veil of users in extreme cases and counter terrorist financing legislation.Talling-Smith. says:

“We are focused on staying at the forefront of technology to provide the most progressive, secure and efficient air travel in the world. Digital currency has been on our radar from the very beginning,”

Also Read: Flying Taxies, Blockchain Technology And Bitcoin.

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Tarunima Ghosh Laha is a Finance Post Grad from St. Xaviers who believes Finance is more than just Balance Sheets and Ledger creation. This filmy bookworm who believes she was a sloth in past life also nourishes a penchant of owning a private zoo someday. Equipped with a laptop and online Lexicon she is all set to give finance a glamorous makeover in the form of exciting writeups with bang on info and flashy new words.
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