One of Europe’s leading airlines, Norwegian Air Shuttle will soon allow its passengers to buy tickets using bitcoin. The air company is also developing its own cryptocurrency exchange called Norwegian Block Exchange (NBX). The exchange will be functional from August this year.

This will be the first time that a major airline is accepting Bitcoin for airfares. The CEO of the airline, Bjørn Kjos, says the company sees that there is a need for a serious marketplace where clients could buy and sell a cryptocurrency. The Kjos family owns the NBX. Last year Lars Ola Kjos was the principal investor of cryptocurrency on the Norwegian scale.

The exchange will spread its services to the neighboring countries in the coming months. Norwegian Air Shuttle (Norwegian) is Scandinavia’s largest airline and Europe’s third-largest budget airline. There are many organizations that have started accepting bitcoin-based payments. Recently Canada’s City of Richmond Hill will provide the option to pay Bitcoin for Property Tax.