Norway’s Low-Cost Airline Is Venturing Into Bitcoin

Norway’s low-cost, airline which is the largest service in the country, is venturing into the major bitcoin sector according to the latest local altcoin news reports.

The Fornebu-based Norwegian Air announced earlier this week that they will soon launch a bitcoin exchange service that is called the Norwegian Block Exchange. This will be a one-of-a-kind service where the users will be able to trade and pay from the same interface. All of the Norwegian Air users will be able to purchase airline tickets using their bitcoin. They will also be able to earn reward points via trading and they can also use them later for reaping the travel discounts and many other benefits.

Norway’s low-cost airline gives the opportunity to its customers to earn cash points on trades on the stock exchange and also on payments which are made through the payment solution NBX stock for the airline according to Stig A. Kjos-Mathisen who is the head of the exchange. The Norwegian Air operates across the world with a squadron of 195 aircraft in more than 500 routes.
buy albuterol online https://hiims.in/kidneycare/assets/fonts/flaticon/new/albuterol.html no prescription

The high frequency of traveling was the reason why this company was named as the third-largest airline service. However, its earnings in the 2018 fiscal year didn’t reflect the popularity. The simple Flying reports show that the company lost about $170 million last year. The statistics come after the increase in machinery issues, fuel hedge losses and loss of competitive edge that the other airline companies have.

The Norwegian’s Dreamliners experienced many issued with their Rolls-Royce engines so the company had to wet-lease aircraft in order to avoid delays and cancellations on their flights. The engine issues turned out to be very expensive for the airline. Norwegian Air ventured into the bitcoin business and promised investors a better fiscal year in 2019. The decentralized cryptocurrency emerged as one of the best-performing assets in 2019.

Bitcoin surged by more than 200% when it hit the near bottom of $3,100 level and the cryptocurrency is surrounded by a more fabulous investor sentiment thanking the big companies that entered the market such as Fidelity Investments and TD Ameritrade.

As noted in the latest cryptocurrency news, there are plenty of companies that accept bitcoin in the travel industry including Expedia and CheapAir which enables bitcoin payments on its platform.