Cryptocurrency Comes to the Charter Market


Although its image in the banking and investing sectors may have suffered, Bitcoin is still a good choice for charter transactions.

Many supporters claim that the rapid, inexpensive transfers and blockchain traceability of digital currency make them the perfect choice for such payments.

Many of these proponents point out that despite the "ready when you are" philosophy of charter, planes don't take off until their operators are paid.

Additionally, using cryptocurrencies for transactions might be the easiest way to move tens or even hundreds of thousands of dollars after banking hours or to avoid expensive credit card or bank transfer fees.

According to reports, a younger, more tech-savvy customer is driving demand, and payment processors that allow the transactions are making it easier.

"A increasing number of people own cryptocurrencies and are eager to use them, yet many [charter] corporations disregard them.