Spanish Travel Compensation Firm Signs Deal With Domestic Exchange to Reimburse Travelers With Cryptos

Spanish Travel Compensation Firm Signs Deal With Domestic Exchange to Reimburse Travelers With Cryptos


Spanish travelers will soon be available to fill out claims for incidents related to airline delays, baggage losses, overbooking, among others, and be compensated with cryptocurrencies. The possibility is now a reality thanks to a partnership between a domestic crypto exchange and an airline platform.

Platform Allocated Euros in an Account on the Crypto Exchange to Arrange Payments

According to El Mundo Financiero, Criptan, based in Valencia, Spain, signed an agreement with Wings to Claim– a Spanish legal association that owns a platform specialized in handling travel-related incidents and now could compensate travelers cryptos instead of euros.

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The platform allocated euros within an account using the crypto exchange Criptan. If any customer entitled to compensation wants to receive money in cryptos, the exchange will reimburse the money in coins such as bitcoin (BTC).

Among the reasons behind incorporating cryptos into Wings to Claim, the platform argued that they didn’t want to lag behind the growing trend of crypto adoption

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