UATP (Universal Air Travel Plan) has announced that it will be collaborating with Bitnet in order to offer its customers the option to pay for their flights and travel with bitcoin.
This will be against the conventional method of payment like credit/debit cards, bank transfers and other fiat options. The fluctuation in bitcoin price will be a major concern as the customer would have to pay more if the price goes down before the service receives it.
Moreover, it is also undecided as to how the option of paying with bitcoin will be made available on the site as it is much harder to achieve and they would have to spend a lot of time to create the new service. However, this feature has the potential of adding a lot of customers on flights as many already use bitcoin.
It is also not sure that the option will be available for all the airlines but the chances are very high as the positives overshadow the negatives.
