An aviation startup wants to revolutionize frequent flyer programs by letting travelers earn cryptocurrency simply by flying: Meet FlyCoin

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FlyCoin, a cryptocurrency exchange and vendor merchant, announced that it will be rewarding frequent flyers with crypto tokens rather than air miles.

, FlyCoin's eventual goal is to have its currency accepted at businesses. That also means potentially transforming Alaska's largest city into a cryptocurrency haven where travelers can use FlyCoin to purchase goods and services.

As goes Anchorage, the hope is that so goes the rest of Northern Pacific's destinations in the Lower 48 including New York, Orlando, and Las Vegas. Cryptocurrency is already, including in the Asian destinations that Northern Pacific hopes to serve. United Airlines, for example, allows MileagePlus members to use their frequent flier miles to purchase meals, snacks, and other goods in its terminals at Newark Liberty International Airport. But FlyCoin wants to break free from the airport altogether.

Cryptocurrencies are riding a wave of enthusiasm and growing public acceptance that FlyCoin hopes will contribute to its success. El Salvador, for example, just adopted bitcoin as a national currency alongside the dollar.

 

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