Altcoin News: Second Largest Airline in Scandinavia Will Start Accepting Bitcoins and Launch a Cryptocurrency Exchange

July 25, 2019, by Marko Vidrih on ALTCOIN MAGAZINE

The second-largest airline in Scandinavia will allow its customers to purchase tickets for Bitcoins and launch their own cryptocurrency exchange, writes the portal Decrypt with reference to the newspaper Dagens Næringsliv.

According to the publication, Norwegian Air plans to allow customers in Norway to use cryptocurrency to make payments with it. In addition, in August they intend to launch the Norwegian Block Exchange (NBX), and in the coming months to open additional trading platforms in nearby countries.

NBX integrates the existing Norwegian Air award program so that the company’s customers can earn points in the course of trading on the crypto exchange, which can later be used to receive discounts and other privileges.

Norwegian Air was founded in 1993 and has the third-largest fleet and traffic volume among low-cost airlines in Europe. The company took the decision to join the cryptocurrency business amid a decrease in its shares by more than 75% from April 2018.

The CEO of Norwegian Air is 41-year-old Lars Ola Kjos, who is a Bitcoin investor. According to local media, he holds over $400,000 in cryptocurrency and acquired most of it until November 2017.

In the middle of last year, Singapore Airlines announced the launch of a loyalty program on the blockchain.

Author: Marko Vidrih