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.