New Development: Earlier on last year Peach aviation revealed their plan to start accepting Bitcoin payment. However, there are rumours flying around that the airline company has changed their mind due to the hack of Coincheck which saw them lost 58 billion yen (~USD$527 million). Well, what’s the truth? Did they changed their mind? See the facts below.
1. Peach Aviation and its bitcoin exchange partner ‘bitpoint’ have clarified their position.
2. Peach Aviation has recently clarified its plan to accept bitcoin for airline tickets. No going back on their earlier plans. They are still set to accept Bitcoin payment.
3. In shot, Peach plans to expand its bitcoin payment services “through collaborations with local administrative bodies and local companies.” Peach and Bitpoint plan to jointly implement various initiatives such as installing bitcoin ATMs (BTMs) at airports as well as introducing bitcoin payments at souvenir shops, restaurants, and accommodation facilities.
4. Last December, Peach aviation announced to “start [accepting bitcoin] within the fiscal year,” which ends in March 2018, according to a report from Sankei
5. “We are reviewing the timing of service start,” the spokeswoman for Peach’s public relations told Nikkei Online, confirming that the service has been postponed. The reason for the postponement is “the fluctuation of the bitcoin market [which] has been intensifying since the end of 2017,” she said, noting that the company would “like to start the service [but is] waiting for the market to settle.”
That’s all you need to know about Peach Aviation and Bitpoint for now. Subsequent news Shall be communicated as their plan unfolds. But what do you think about this development? Let us know your thoughts below.
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