Malaysian airline Air Asia announced own cryptocurrency, BigCoin

Malaysian airline Air Asia announced own cryptocurrency, BigCoin

Representatives of Air Asia, the popular budget airline, announced the release of its own cryptocurrency, BigCoin.

Taiwan's low-coster AirAsia, which is very popular in East Asia, confirmed their plans to launch its own token called BigCoin.

The founder and CEO of AirAsia, Tony Fernandes, confirmed the airline's plans to release its own cryptocurrency within the ICO.

AirAsia — one of the largest Asian low-costers by passenger traffic. Fernandes considers cryptocurrencies as a tool to mitigate the risks of currency fluctuations coming from abroad. He believes that BigCoin will gain recognition of the third parties, and Air Asia customers will be able to use BigCoin for paying for meals during flight and other services in 3-6 months.

AirAsia first announced its program, called "The Big", in mid-2017. Its goal is to provide banking and financial services, as well as performing purchases on board by more than 60 million passengers a year. Last month, Fernandes first told about plans for the ICO.

AirAsia is not the first airline who wants to use blockchain and cryptocurrency advantages in the work. In March of this year, the Taiwanese airline FAT opened their tickets selling for bitcoins, following the example of the Japanese low-cost airline Peach Aviation, who started accepting cryptocurrency as late as last year. Furthermore, in February, 2018 Singapore Airlines started using blockchain in their loyalty program.


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