One of the largest airlines in Europe, Norwegian Air will begin accept cryptocurrency payments for buying tickets.
According to Norwegian Block Exchange (NBX) CEO Stig Kjos-Mathisen, his cryptocurrency trading platform has successfully developed a payment infrastructure that will allow Norwegian Air customers to buy tickets for digital currencies.
Giving comments to the local business newspaper, Kjos-Mathisen noted that on the exchange side “everything is ready for work”, and this function should appear at the end of this year. Curiously, Stig Kjos-Mathisen is the son-in-law of the founder and CEO of Norwegian Air, Bjørn Kjos.
It is reported that Bjørn Kjos has been participating in NBX since its launch last year – a beta version of the trading platform has been opened for users in September 2019.
Norwegian Air was founded in 1993. Over the 18 years of its activity, since its launch in 2001, it has grown from an organization with 130 employees and four planes to a company with 11,000 employees and a fleet of 195 planes with 500 routes.
Recently, the reputation of the airline was hit, as there were problems with the landing of the Boeing 737.
In the second quarter of last year, its profit fell by 72%, but after a significant cost reduction in October, a pre-tax profit of NOK 2.2 billion (about $ 215 million) was announced. What cryptocurrencies will be accepted as payments is not yet clear.