Japan’s Leading Low-Cost Airline to Accept Bitcoin

Peach aviation, Japan’s leading low-cost airline is working on accepting Bitcoin as a means of payment
05 February 2018   610

The airline has recently announced its plans to accept Bitcoin for airline tickets. This was a response to the recent media reports which suggested that the airline may be halting its plans to accept bitcoin following the hack of Coincheck, Japanese Bitcoin exchange.

The airline claims to have more than 13,000 passengers daily, operating over 90 daily flights.

The first announcement regarding the acceptance of bitcoin was made in May 2017. The company stated that it would accept bitcoin through a partnership with Japanese cryptocurrency exchange, Bitpoint Japan and through collaborations with local administrative bodies and local companies.

The airline is planning to install bitcoin ATMs (BTMs) at airports as well as to implement bitcoin payments at restaurants, souvenir shops, etc.

The company announced in May that the airline and its partners planned to start the service from the autumn of 2017. However, in December, Peach postponed the timeframe to start accepting bitcoin within the fiscal year, which ends in March 2018.

Lately, the spokeswoman for Peach’ public relations confirmed that the service has been postponed due to the fluctuation of the bitcoin market which has been intensifying since the end of 2017. The Peach’s spokeswoman also stated that the company is preparing the settlement system.

Japanese cryptocurrency exchange Bitpoint Japan confirmed that they are currently working on launching the service.

Poloniex to Suspend Operations for Few Hours

Representatives of the exchange say users' funds will be completely safe during maintenance
21 February 2019   55

The cryptocurrency exchange Poloniex has announced maintenance, which will begin on February 22 at 22 UTC. The trading platform will be unavailable for several hours.

Representatives of the exchange claim that the users' funds will be completely safe. Technical work associated with the modernization and transition "to the best data centers, which will increase the reliability of the platform and increase uptime."

Also in Poloniex noted that the trade orders of users will not be canceled.

Recall, recently Poloniex has added to the listing of privacy-oriented cryptocurrency Grin.