Binance Pay Enables Over 600 Airlines to Accept Crypto Payments

• All customers will get a 3% discount on bookings, up to a max of $500.
• Binance has partnered with Alternative Airlines, an online travel agency.

Over 600 airlines across the globe now accept payments in several digital currencies thanks to Binance Exchange’s Binance Pay service. Binance said that the new service was made possible by the exchange’s partnership with Alternative Airlines. The latter is an online travel agency that accepts payments in more than 70 different cryptocurrencies. And works with more than 600 different airlines.

As part of the partnership, all customers will get a 3% discount on bookings, up to a maximum of $500. The Binance exchange has taken the lead in encouraging cryptocurrency use beyond simple trading.

Notably, assistance is also offered to the cryptocurrencies classified as securities by the United States Securities and Exchange Commission (SEC). Thus, demonstrating that business is continuing as normal. The offer is subject to the terms and limitations specified by Binance. And the exchange has the right to end the campaign at any moment.

Pushing Crypto Adoption

In a short amount of time, cryptocurrencies have gone from a novel asset class to something that many people depend on for daily expenses. In recent years, several cryptocurrencies have been integrated into payment networks, giving users a new option for making online purchases.

According to a poll done by Binance between March and May of 2023, the exchange reported that its institutional customers are bullish on the future of cryptocurrencies for the next year and forth.

208 of Binance’s customers were questioned between March 31 and May 15 for the research performed by Binance Research and the Binance VIP & Institutional team. Nearly half (52%) of those polled had crypto assets under management (AUM) of $25 million or less, while 22.6% had AUM of $100 million or more.

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