Two private jet operators announced news on Monday of their acceptance of cryptocurrency, which once again is questions about the usefulness of digital currency both for luxury expenses and daily purchases.
Hera Flight, based in Clearwater, Florida, said that she had started to accept BitcoinEthereum and other cryptocurrencies for charter flights. Meanwhile, Paramount Business Jets in Leesburg, Virginia, reported what he called a “notable increase” in the number of his customers based on cryptocurrency to pay theft, without specifying a number.
Paramount says that he has taken Crypto since the end of last year, with Bitcoin and Ethereum as the most frequently used parts. He quotes “lower costs” for the acceptance of parts compared to credit cards, and also indicates what he calls “improved security” inherent in blockchain transactions. In total, the company claims that it can accept more than 120 cryptographic coins.
Hera Flight says he will now accept cryptocurrency For charter flights and subscriptions in its jet card program. As Paramount, Charter indicates what it considers the additional security of cryptographic transactions. “This initiative aligns with our vision of staying at the forefront of private aviation and providing more payment options to our customers,” said Jonathan Hollar, chief of the Héra Flight, in a press release.
Unlike the local general store, high -end travel options and approved flights could be a potentially lucrative market for crypto, according to some experts. “It calls on people who have made a fortune in crypto and gives them something to spend,” said Aaron McPherson, director of AFM Consulting.
For merchants dissatisfied with the cost of accepting credit cards – in particular for luxury purchases such as Charter – Crypto flights could have a considerable call, says McPhersons. “Traders are always looking for a way to escape exchangeHe notes. Indeed, the crypto “could be cheaper if the evaluation does not drop,” he says.
In addition, the Crypto option has the potential to offer a speed card linked to the crypto, he says. “This is a way that people can spend their bitcoin or their Ethereum without going through the liquidation stage on an exchange,” he adds.
But the volatility of Bitcoin, Ethereum and most other cryptocurrencies means that most companies, in particular companies, in particular, stableSupports McPherson. “Stablecoins are more likely to become a mode of consumer payment,” he says, this form of crypto is linked to the value of a national currency, such as the dollar, and is therefore not subject to the often extreme swings observed with bitcoin and other cryptocurrencies.
Although potential crypto users in the two Jet-Charter scenarios are probably the average buyer, some observers note that the movements of the two companies reflect the confidence that the parts they accept will not lose value, at least in the long term. However, “if I was a business, I would go this way,” notes McPherson, referring to the stablecoins.
