Polish airline will now take payment in Bitcoin
LOT airlines now accepts payment in Bitcoin from customers, with officials saying these transactions will be more convenient and fully secure; LOT becomes one of the first airlines globally to embrace digital currency in this way. All transactions will be handled by Bitcoin payments company PSP.&nbsp;
LOT is now accepting Bitcoins as a method of payment at http://www.lot.com.

According to officials, transactions are convenient and fully secure.

“We are open for every need of every single client. We go for innovations thanks to which their journey is even more comfortable and pleasant not only on board, but also much earlier – at the stage of buying the ticket. Many of them do the shopping online, including plane tickets. It’s just the matter of time when payments with the online currency will become as popular as using credit cards today. We notice this potential, which is why we are one of the first airlines in the world to give its passengers the possibility of paying with Bitcoins,” said Jiri Marek, LOT sales and distribution executive director.

All transactions are handled by PSP, a reputable and popular platform handling payments with the online currency. The ticket price is calculated in the standard currency selected by the passenger. Only at the last stage of the booking process, i.e. at the payment stage, will the PSP platform convert the purchase price into Bitcoins.

LOT does not conduct transactions in Bitcoins, but in the currency used in the market of purchase (i.e. Poland – PLN; Germany – EUR; USA – USD). PSP is responsible for conversion and settlements of the transaction with LOT.