Venezuelan aviation school offers discounts for Bitcoin payments

Caracas Air, the largest centre for aviation personnel training in Venezuela, began accepting the first cryptocurrency as payment for training.

For those choosing the new payment method, the school is prepared to offer discounts and financing plans, said Caracas Air co-founder and CEO Oliver Laufer.

From today we accept #Bitcoin and we will offer discounts and financing plans to everyone who chooses this new method of payment. pic.twitter.com/qpi0fS5SSc

— Oliver Laufer (@OliverLaufer) April 25, 2021

According to the centre’s website, about 900 students are educated there each year, and its graduates account for nine out of ten new crew members on passenger aircraft.

«Caracas Air has two passions: aviation and Venezuela. We believe in the importance of initiatives, investments and creating new, high-quality opportunities in our country. And we do not believe that one can do without innovation», the company’s page says.

Despite the launch of the national digital currency El Petro, Bitcoin remains popular with residents. According to LocalBitcoins, in 2020 Venezuelan residents ranked second in trading volume of the first cryptocurrency on the p2p trading platform.

Earlier in the country, Burger King and pizzerias Pizza Hut began accepting Bitcoin as payment.