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Author Topic: Bitcoin - Could it be the future currency to be used in aviation industry?  (Read 232 times)
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« on: July 17, 2018, 03:07:54 PM »


Aviation is of course worldwide with its own international laws and regulations. With airlines, Aircraft manufacturers, Suppliers and even PAX using transactions between different countries and currencies, could bitcoin (or cryptocurrencies) be used by airlines and businesses in the aviation world, to curb the losses endured by fluctuating currency exchange rates and taxes? Airline A from China could buy Boeing aircraft using Bitcoin at face value, no tax needed, no exchange rate, the price is the price. Or would this crash the global financial markets that rely on aviation for taxes/money and business?Either way cryptocurrencies could be the future and it could change how we travel in the future.Edit - I thought about this with Monarch who went bust last year, they cited the drop in the value of the British pound due to brexit as a major player in the airlines demise. Could Monarch have used Bitcoin to counter this?

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