News Release

Paramount Business Jets reports significant uptick in cryptocurrency payments for private jet charters

Paramount Business Jets (PBJ), a US private jet charter broker, is pleased to announce a notable increase in clients utilising cryptocurrency as a preferred payment method. This trend underscores PBJ's commitment to embracing innovative solutions that cater to the evolving needs of its discerning clientele.

Since integrating cryptocurrency payment options in late 2024, PBJ has observed a steady rise in clients opting for digital currencies. Notably, Bitcoin (BTC) and Ethereum (ETH) have emerged as the most frequently used cryptocurrencies among PBJ's clientele. This shift aligns with broader industry trends, as a recent study found that 20% of private jet users would prefer to pay with crypto if given the option.

Benefits realised by PBJ and its clients include:

- 24/7 transaction capability: Cryptocurrency payments enable PBJ to accept transactions around the clock, including weekends and holidays, facilitating immediate booking confirmations and enhancing client convenience.

- Cost efficiency: Digital currency transactions often incur lower fees compared to traditional payment methods, particularly for international clients, resulting in cost savings that PBJ can pass on to its customers.

- Enhanced security and privacy: Blockchain technology ensures secure and transparent transactions, providing clients with increased confidence and privacy in their financial dealings.

The adoption of cryptocurrency payments has been particularly notable among international clients and younger demographics, reflecting a broader acceptance of digital currencies within these groups. PBJ's ability to accept over 120 different cryptocurrencies offers unparalleled flexibility, accommodating the diverse preferences of its global clientele.

Richard Zaher, CEO and founder of Paramount Business Jets, commented: "The ability to receive payments instantly and securely, regardless of time or location, is a significant advantage for both our clients and our operations. The added security and transparency of blockchain technology, along with the potential cost savings compared to traditional methods, make cryptocurrency an increasingly valuable option in the private aviation space."