AirBaltic announced Tuesday it would accept bitcoins as payment for its tickets to 60 different destinations in Europe, the Middle East, Russia, and Central Asia.
AirBaltic is the first airline in the world to accept the virtual currency for payment, although Virgin Galactic customers have been able to pay for space flights using bitcoins since November of last year.
The low-cost airline was established in 1995. In 2011, the airline had mounting financial difficulties and political strife over the future of the company, which became state-owned later that year. The CEO was replaced at the time by Martin Gauss, formerly CEO of Hungarian airline Malev, who has been able to revitalize the company.