Monarch Air Group has seen a 32 per cent rise in cryptocurrency transactions year-over-year.
Monarch Air Group has been accepting cryptocurrency as a form of payment since 2017.
Reporting a 32 per cent rise in cryptocurrency transactions this year to date, CEO David Gitman attributes the increase in these transactions to the escalating value of cryptocurrencies and the downward movement of private charter prices. Combining these factors provides an overall higher value to the customer.
Additionally, the group's online quoting tool simplifies the booking process by offering personalised quotes instantaneously. By utilising this technology, customers can browse available charters in real time and make selections based on factors such as price, aircraft amenities, type and model, age, cabin size, location and dates, and passenger count. They can easily pay with Bitcoin or with any other popular cryptocurrency.
The integration of Monarch's online quoting tool supports the growing trend of digitalisation in luxury travel services, offering customers easy access to private jet charter rates while maintaining a high level of personal service. The application follows Monarch's 2017 decision to accept cryptocurrency as payment to help enhance and streamline the booking process.
