Norwegian Air to accept bitcoin payments

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The popular low-cost European airline Norwegian Air has plans to accept bitcoin payments. Its founder, Norwegian business magnate Bjørn Kjos and his family have reportedly set up a cryptocurrency exchange and plan to introduce bitcoin payments at their airline, Norwegian Air Shuttle, Coindesk has reported. According to Wikipedia, Norwegian Air Shuttle (Norwegian) is Scandinavia’s largest airline and Europe’s third-largest budget airline.

Local business paper Dagens Naeringsliv (DN) published the news on 24th July, saying that the new exchange is dubbed Norwegian Block Exchange (NBX) and is slated to launch in August.

It also reported that the businessman’s son, Lars Ola Kjos, is said to have become a bitcoin investor, having bought NOK 3.5 million ($404,000) worth of the cryptocurrency in 2017. At the time, bitcoin prices were far below their current level. DN said the investment was revealed through documents from Lars’ company Green 91, and the amount of his investment makes him one of Norway’s leading crypto investors. Furthermore, Lars is also a board member of Norwegian Block Exchange, which the Kjos family owns almost outright.

According to the DN report, “Once the exchange is up and running, the plan is to expand to neighboring countries and, in the autumn, provide a payment solution enabling Norwegian Air Shuttle customers to pay for tickets with cryptocurrency.”

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