Norwegian Air to Enable Bitcoin Payments Through Exchange Set Up by Founder

Norwegian business tycoon Bjørn Kjos and his family have allegedly set up a cryptocurrency exchange and arrange to launch bitcoin payments at their airline, Norwegian Air Shuttle. 

As detailed by local media outlet Dagens Naeringsliv (DN) on July 23, the new trade is named Norwegian Block Exchange (NBX) and is scheduled to launch in August. 

The tycoon’s son, Lars Ola Kjos, is additionally said to have gotten to be a bitcoin investor, having bought NOK 3.5 million ($404,000) worth of the cryptocurrency in 2017. At the time, bitcoin costs were distant underneath their current levels of $10,000. 

DN said the venture came to light through archives from Lars’ company Green 91 and makes him one of Norway’s top crypto investors. He is additionally a board member of Norwegian Block Exchange, which the Kjos family possesses, the report said. 

Once the exchange is up and running, the plan is to extend to neighbouring nations and later give a payment arrangement empowering Norwegian Air Shuttle customers to pay for tickets with digital currency, DN stated. 

Norwegian Air Shuttle (Norwegian) is Scandinavia’s biggest airline and Europe’s third-biggest budget airline.