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Yves Le Marquand
16th February 2021, 12:54
PrivateFly has revealed that Bitcoin payments made up 19% of the company’s sales revenue during December 2020 and January 2021. More than one-in-10 of all its private jet flights were paid for in Bitcoin last month.
The popularity of cryptocurrency payment has soared for PrivateFly in recent months. Typically used to pay for 1-2% of flights per month, payment by Bitcoin rose to 12% in December and 13% in January.
Adam Twidell, PrivateFly CEO, puts the increase in activity down to Bitcoin’s recent climb in value.
“While we have accepted Bitcoin payments for many years now, cryptocurrency transactions have really taken off in recent months. These are in line with Bitcoin’s climb in value – to the extent that 13% of our flights were paid for in this way last month. We have previously seen just 1-2% each month.”