First airline to accept Bitcoin for payment - AirBaltic - page 2.

djarot

sr. member

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Quote from: Sheldor333 on July 25, 2014, 03:19:49 AM

Okey, they have removed the fee. https://i.imgur.com/Ley8aWV.png

Nice of them to put it on par with their airBaltic credit card solution. Surely it's a great move in my opinion.

holy cow that is awesome! I wonder how much feedback they mustve gotten to do that Grin

ps byebye airbaltic credit card...

Sheldor333

sr. member

Activity: 406

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Okey, they have removed the fee. https://i.imgur.com/Ley8aWV.png

Nice of them to put it on par with their airBaltic credit card solution. Surely it's a great move in my opinion.

bryant.coleman

legendary

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I don't think that the transaction fee is that high. It is 6 EUR per booking, and not 6 EUR per person. Someone can book 10 tickets from Riga to Boston, paying 15,000 EUR while paying just 6 EUR as tx fee.

DjPxH

full member

Activity: 210

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Quote from: Ilsk on July 22, 2014, 09:19:45 AM

Good news anyway.

Which is something rather rare when it comes to new people proclaim as 'good news' Cheesy

Bitcoin news are like the professor from Futurama. Even bad news are being re-casted as "This is actually good news" Cheesy

Ilsk

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Good news anyway.

factor280

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Excellent! Another victory for Bitcoin!

DjPxH

full member

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Quote from: MannyEric on July 22, 2014, 06:09:19 AM

Quote from: abacus on July 22, 2014, 05:37:31 AM

Talking about annual revenues, does someone think we could argue that it's smaller than Dell, or not?

airBaltic 2013 revenue €325 million
Dell 2013 revenue $56.9 billion

No comparison here, is it?

Ha, so a company now needs to exceed multiple billions of USD in revenue in order to be a good thing for bitcoin's growth Cheesy

Hey, on the other side... if it it true, look how far we've already come!

djarot

sr. member

Activity: 350

Merit: 254

what great news! this fee is a little strange and maybe sends wrong impression of cheapness of bitcoin payment, but.... this fees from airlines is getting old - easyjet carrier stopped adding them and included in ticket price, which is less confusing. So i guess in future other carriers will do the same, so not a major issue to bother about. very cool news! a good advantage too - now you can book flights from foreign country to home country, without using home credit card to pay for ticket in foreign currency and getting charged fee by your bank! normally you cannot change currency of ticket price if ticket is not originating in your country of residence. Grin

MannyEric

newbie

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Quote from: abacus on July 22, 2014, 05:37:31 AM

Talking about annual revenues, does someone think we could argue that it's smaller than Dell, or not?

airBaltic 2013 revenue €325 million
Dell 2013 revenue $56.9 billion

No comparison here, is it?

TaunSew

hero member

Activity: 756

Merit: 506

Quote from: Sindelar1938 on July 22, 2014, 05:00:24 AM

It's a start, the slight disconnect around tx fees notwithstanding
The average user of AirBaltis is likely not the usual cryptocionado demographic, so that's a mainstreaming aspect as well

Governments and merchants seem to think crypto currencies will be $1+ trillion plus within years, so may as well get on the band wagon.

Problem is that Wall Street and main street hasn't exactly jumped on board yet. Wall street generally doesn't like throwing money at things with 'low volume' (low for them) and lack of regulations. Many people on mainstreet don't understand Bitcoin yet.

Tom Leykis on the radio was talking about Bitcoin this last friday and he absolutely hates Bitcoin due to Satoshi's anonymity, Bitcoin not representing anything and volatility (his words not mine) and compared it with Tulips.

abacus

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Activity: 618

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a clockwork miner

Quote from: MannyEric on July 22, 2014, 04:41:49 AM

Quote from: abacus on July 22, 2014, 04:11:01 AM

Does anyone know the annual revenues of AirBaltic?
Is it bigger/smaller than other companies already accepting bitcoin?

airBaltic is a rather small company. It operates mostly in the Central/Eastern European region connecting many European cities with Riga International Airport, Latvia (RIX). They've had some really hard financial difficulties recently, but European Commission showed them green light to use financial aid from Latvian government.
more info from their homepage https://www.airbaltic.com/en/index

Pretty exaustive, thank you.
From your link:

Quote

The primary shareholder is the Latvian state with 99.8% of stock.
In 2013 airBaltic carried over 2.95 million passengers.
The airBaltic fleet currently consists of 25 aircraft – five Boeing 737-500, eight Boeing 737-300 and twelve Bombardier Q400Next Gen.

Talking about annual revenues, does someone think we could argue that it's smaller than Dell, or not?

Sindelar1938

hero member

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Merit: 500

It's a start, the slight disconnect around tx fees notwithstanding
The average user of AirBaltis is likely not the usual cryptocionado demographic, so that's a mainstreaming aspect as well

Hero0o

member

Activity: 91

Merit: 10

stellartoday.com

This is amazing. lol

MannyEric

newbie

Activity: 11

Merit: 0

Quote from: abacus on July 22, 2014, 04:11:01 AM

Does anyone know the annual revenues of AirBaltic?
Is it bigger/smaller than other companies already accepting bitcoin?

airBaltic is a rather small company. It operates mostly in the Central/Eastern European region connecting many European cities with Riga International Airport, Latvia (RIX). They've had some really hard financial difficulties recently, but European Commission showed them green light to use financial aid from Latvian government.
more info from their homepage https://www.airbaltic.com/en/index

abacus

hero member

Activity: 618

Merit: 500

a clockwork miner

Does anyone know the annual revenues of AirBaltic?
Is it bigger/smaller than other companies already accepting bitcoin?

haploid23

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I was under the impression that Virgin Galactic was the first to accept btc. Not sure if they are considered an airline though.

TaunSew

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I've flown on air baltic and yeah I recall them tacking on all sorts of miscellaneous fees. There's a lot of low cost air lines where, if you check a bag, that's an extra $50 they tack on.

karlb187

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Need To Contact Me? Go To My Site!

good news..good news. Grin

We need more to do the same!

MannyEric

newbie

Activity: 11

Merit: 0

It's a low-cost airline, they charge for pretty much everything. Still good news, they took BTC on board...

gabbello

member

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All low-cost companies present as "transaction/payment charges" fees which are actually just extra costs that they add to the ticket (for various payment options).

In bitcoin case (since this is not a payment method known by most of the public) this can create some (bad) confusion.

Reality is that until someone starts selling products for BTC at a lower price (for the end user) than via standard methods (and they can do this due to less fees than using CC for example) only enthusiasts will use bitcoin to buy stuff.

Keep in mind that for 90% of us buying bitcoins (with fiat) already has some fees added (due to exchanges) so there is no reason to exchange 100 USD in BTC worth of 97USD and then purchase a product using those BTC (- small transaction fee) if the product values 97USD (it means that I just spent 100 USD for a product that worths a bit under 97USD just for the sake of using bitcoin)

Topic: First airline to accept Bitcoin for payment - AirBaltic - page 2. (Read 2812 times)