Full article on economist.com
Most stories about bitcoin, a digital currency loved and loathed in equal measure, focus on the future potential of the technology, rather than its present-day usefulness. This story is no different. Earlier this month, UATP, a payment network for airlines, announced it was teaming up with Bitnet, a bitcoin processing platform, to offer 260 of the world’s largest carriers the option of accepting the currency for flight bookings. UATP merchants provide 95% of global airline capacity, counting among their ranks mainstream brands such as British Airways, Lufthansa, Delta Air Lines and Southwest Airlines. The company also works with 130,000 travel agencies, plus big rail operators such as Amtrak. None of these partners, it must be stressed, has said it will add a ‘Pay With Bitcoin’ button to its website. But the potential to do so is now there. And that is more than enough to get the bitcoin faithful excited by the development...
