PrivateFly says nearly 20% of its sales are paid by cryptocurrency

posted on 15th February 2021 by Eddie Saunders
PrivateFly says nearly 20% of its sales are paid by cryptocurrency

PrivateFly, a Directional Aviation company, has revealed that more than one in ten of all its private jet flights were paid for in Bitcoin last month, representing 19% of its sales.

The popularity of buying flights with cryptocurrencies has soared for the company in the last few months, rising from typically 1-2% of flights per month in recent years, to 12% in December and 13% in January. 

In terms of revenue, the jump is greater still with Bitcoin payments making up 19% of PrivateFly’s sales revenue across December and January, since those using Bitcoin are spending more than average on their flights.