Review on Bitcoin by Faruk ELHAKAN
If Aircraft Delays, Thtartup Will Pay You Bitcoin
New initiative offers Bitcoin refund to passengers on flights delayed for more than one hour
The global flight industry is in turmoil due to flight delays and cancellations due to the epidemic. An initiative in Bulgaria offers passengers the option to compensate with Bitcoin.
With the Colibra application, the option of refund payment will be offered to passengers who have delayed one hour or more. Since its start in June 2019, the Bulgaria-based startup has offered passengers the option of legal cashback, but has now added crypto as a payment option.
Because Bitcoin is a highly volatile asset, users will be able to fix the rate on the day they registered for the flight or traveled. For example, someone who booked a flight last week and locked the price when Bitcoin was in the $ 11,000 band will receive a refund at the time rate.
Colibra announced that all passengers who delay the flight for an hour or more, regardless of the reason the airline offers, will be guaranteed a Bitcoin payment.
Pros
- more frequent returns
Cons
- heavy ripple
