Bermudere has announced that it will begin accepting flight ticket payments with Stubcoin by the end of 2025. The airline said it would do this through a partnership with Zero Hash.
The move makes Bermudare the first airline to offer native Stablecoin payments for flight tickets through official apps and websites, according to a press release. The company announced its plans at the Bermuda Digital Finance Forum.
Speaking about the decision, Bermudere CEO Adam Scott described the stubcoin embrace as a way to eliminate foreign exchange friction for international users and help reduce the cost of fees they need to pay during currency conversion.
He said:
“We are proud to be able to lead crypto and stable recruitment claims on airlines. It’s not just allowing customers to pay for Stablecoins flights, but accepting the future of travel. It’s about making travelers around the world faster, cheaper and more inclusive.”
Bermuda is a well-known tourist destination, with over 200,000 people on its annual air travel. The announcement noted that most international travelers pay 1-3% of fees when booking tickets with credit cards.
However, if people pay directly with Stablecoins, such charges will be removed and the speed of Stablecoin transactions means that ticket confirmations may occur within minutes without bank delays.
Interestingly, there is no mention of which stubcoins will be accepted under the program. However, stubcoins, which are charged in major dollars such as USDT and USDC, are probably one of the biggest options.
Zero Hash predicts mass adoption of Stablecoins as an alternative payment method
Meanwhile, infrastructure partner Zero Hash believes Stablecoins will soon be used in everyday trading. The company, a leading crypto infrastructure provider, believes that figure supports this possibility.
Over the past two years, Robin Hood, Nubank, Stripe, Rotation, Co. Stable Coin has seen a volume of $3.3 trillion in just 30 days, compared to almost 750 million people using stubcoin and crypto via fintech platforms such as.
The company further identified the travel industry as one of the best areas to lead the adoption of Stablecoin, highlighting how the industry has always embraced financial innovation before other industries.
Edward Woodford, founder of Zero Hash, said:
“The partnership with Bermudare illustrates the convergence of digital finance innovation. By leveraging the stubcoin payments infrastructure, Bermudare can provide the seamless payments and global accessibility that customers expect from the future of their travel.”
Bermudere may be the first airline to begin accepting stubcoins, but some travel platforms have already allowed cryptography. One important example is the Holiday website travala.com. It accepts several crypto assets such as Bitcoin, Ethereum and several others.
Adoption of Stablecoin will hit obstacles even for expanding legislation
The adoption of stubcoin payments, which Bermudare plans, only underscores the broad trend in recruitment that allowed it to reach a stable market capitalization of $242.85 billion. The ease of use of Stablecoins and access to Fiat currencies such as the US dollar and euro have made it one of the most accepted crypto products in the world.
Many people use them for transactions and payments, but it has also become a way for people in developing countries to save USD and hedge inflation.
Stripe has recently launched its Stablecoin Financial account, a product that allows businesses in over 100 countries to send and receive Stablecoins, making it completely enforceable. This new feature comes months after Stripe paid $1 billion to get the Stablecoin Payment Platform Bridge.
Meanwhile, Meta is reportedly considering integrating Stubcoin into its payment platform. According to Fortune, the company that tried its hands on Project Libra and Stablecoins in 2019 is currently discussing how to integrate Stablecoins with several Stablecoin publishers.
Despite all the developments related to Stablecoins, there are no regulations for the US sector yet. And recent efforts were hit by obstacles Thursday after several custody players Democrats voted against mucus. Their decision means that the Stubcoin bill will remain on the Senate floor for discussion and will not be able to proceed to a full vote. It is still unknown what will happen next with the proposed law.