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Fast Private Jet with BitPay: world’s largest crypto transaction for a jet flight
Fast Private Jet with BitPay: world’s largest crypto transaction for a jet flight
Crypto

Fast Private Jet with BitPay: world’s largest crypto transaction for a jet flight

By Amelia Tomasicchio - 11 Mar 2021

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Fast Private Jet, a private jet charter company, announced a few days ago that it has received the world’s largest-ever cryptocurrency transaction for a single private jet flight through BitPay, a cryptocurrency payment platform. 

The company recently recorded a cryptocurrency transaction worth more than half a million dollars, offering an air charter service for a single intercontinental flight in an ultra-long-range private jet, a type of private aircraft that has the longest flight range in the world. 

Innovation has been one of the company’s main focuses since its inception, and for the past year, Fast Private Jet has been accepting payments in various cryptocurrencies, namely Bitcoin, Bitcoin Cash, Ethereum and Ripple.

Fast Private Jet: $2 million in crypto transactions

In 2020, Fast Private Jet made over $2 million in crypto transactions. This was the company’s response to the outbreak of the Covid-19 pandemic, as many domestic and international flights have been cancelled since March, generating a sharp increase in requests to use private flights

“With an eye to the future, the company has long understood that these innovative virtual currencies are not just a tool for financial investments, but represent a valid alternative to traditional payment methods, even for transactions of significant value,” explains the airline’s press release”.

Mauro De Rosa, CEO of Fast Private Jet, said:

“Business aviation during the Covid-19 pandemic has found a clear social and business identity compared to what was the perception of a generalist audience in previous years. We are confident that in the coming years cryptocurrencies will be the only currencies of exchange. In today’s era of technological progress, where there is a prevailing search on a daily basis to optimize the little time available, business activities are moving towards an increasingly virtual dimension, gradually abandoning their physicality. The global market cap of cryptocurrencies is heading towards an unstoppable race that is challenging the stock markets. The main difference between the two is that the crypto market cannot be controlled or devalued by a government, a private individual or a company, unlike the stock market. This is why governments, and especially banks, tend to oppose cryptocurrencies, simply because they cannot control their value and cannot determine the fate of the currency itself. We are facing the biggest change in the history of the economy, everything we have learned over the years is being completely overturned through a different vision and perception of the markets themselves. Business activities will not change drastically in the next 10 years, but payment systems will be the key to accessing innovative, fast and effective business distribution channels for companies that have the ability to understand that the future is today. Therefore it was strategic for us to be the first at the international level in terms of the number of transactions carried out through the use of cryptocurrencies as a payment method for chartering or purchasing a private aircraft”.

 

Amelia Tomasicchio
Amelia Tomasicchio

As expert in digital marketing, Amelia began working in the fintech sector in 2014 after writing her thesis on Bitcoin technology. Previously author for Cointelegraph and CMO at Eido. She is now the co-founder and editor-in-chief of The Cryptonomist.

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