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Puerto Vallarta News NetworkNews Around the Republic of Mexico 

TAR First Latin American Airline to Accept Bitcoins

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June 4, 2015

Following a partnership between payment service provider Openpay, and processor BitPay, Mexico-based TAR Aerolineas will be the first Latin American airline to accept digital currency payments.

Santiago de Querétaro, Mexico - Openpay, a payment service provider from Mexico, recently announced that it has enabled bitcoin payments for TAR Aerolineas, a regional Airline from Mexico.

TAR Airlines is the first merchant to accept bitcoin payments through Openpay's platform and the first airline from Latin America to accept bitcoin. Openpay has integrated with BitPay, the world's largest bitcoin payment processor, to enable customers to accept bitcoin payments.

The Mexico-based airline took this initiative because they wanted to create value for their clients and stimulate the economic and tourist activity of Mexico. Bitcoin is a universal currency, so the payment method could be appealing for international travelers who want to avoid currency exchanges. Accepting bitcoin will help the airline accept international payments with no friction, as all bitcoin transactions, mitigate fraud risk, reduce chargebacks, and reach new customers.

"It's a real honor for TAR to have a team of developers at Openpay who are up to the technological advances of this globalized world. This business partnership has enabled TAR to become the first airline in Latin America to accept Bitcoin and put us in the forefront of both technology and security. Therefore, it is an honor to celebrate this great technological advance with Openpay. We will continue to evaluate new payment options that give a real added value to our customers," said José Calzadías, Commercial Manager & P.R. of TAR.

About Openpay
Openpay is a payment platform that allows fast and simple ways to accept payments on your website or app. Our service supports different business models such as marketplaces, online stores, payments for subscriptions, mobile applications, third-party deposits, crowd funding and others.

About BitPay
BitPay is the global leader in bitcoin payment processing with offices throughout North America, Europe, and South America. The company has raised over $32 million from top investors including Index Ventures, Founders Fund, and Sir Richard Branson.

Original article