LOT Polish Airlines accepts Bitcoin payments

On August 5, LOT Polish Airlines, one of the world's oldest airlines, now accepts Bitcoin as a payment method. This means that Bitcoin, a digital currency, can be used to pay for tickets for the airline's flights to more than 60 global destinations.

It is reported that LOT does not directly accept Bitcoin payments, but converts Bitcoin into legal currency through a third-party payment service, but the company did not disclose the name of the service provider.

In addition to Bitcoin, LOT currently supports payment methods including American Express, PayPal, MasterCard and Visa.

Jiri Marek, LOT's executive director of sales, said the decision showed that LOT was an open company that responded to the needs of every customer.

"Many of our customers shop online, including booking flights, and it's only a matter of time before virtual currencies become as popular as credit cards are today," Malik said. "We see the potential."

The decision makes LOT the latest Eastern European airline to accept Bitcoin payments, following Latvian national airline airBaltic and Lithuanian airline AirLituanica in July and August 2014. In June this year, Mexican airline TARAerolineas became the first airline in Latin America to accept Bitcoin payments.

In more developed markets, Bitnet has also recently entered into a partnership with UATP to encourage airlines to accept Bitcoin payments, although no results have yet been announced.