Norwegian Air Building Exchange, Considering Crypto Ticket Purchases

Adoption Exchange
Ad Disclosure
Ad Disclosure

We believe in full transparency with our readers. Some of our content includes affiliate links, and we may earn a commission through these partnerships. However, this potential compensation never influences our analysis, opinions, or reviews. Our editorial content is created independently of our marketing partnerships, and our ratings are based solely on our established evaluation criteria. Read More
Last updated:
Ad Disclosure
Ad Disclosure

We believe in full transparency with our readers. Some of our content includes affiliate links, and we may earn a commission through these partnerships. However, this potential compensation never influences our analysis, opinions, or reviews. Our editorial content is created independently of our marketing partnerships, and our ratings are based solely on our established evaluation criteria. Read More
Author
Fredrik Vold
Author Categories
About Author

Last updated:
Why Trust Cryptonews
Cryptonews has covered the cryptocurrency industry topics since 2017, aiming to provide informative insights to our readers. Our journalists and analysts have extensive experience in market analysis and blockchain technologies. We strive to maintain high editorial standards, focusing on factual accuracy and balanced reporting across all areas - from cryptocurrencies and blockchain projects to industry events, products, and technological developments. Our ongoing presence in the industry reflects our commitment to delivering relevant information in the evolving world of digital assets. Read more about Cryptonews
Ad DisclosureWe believe in full transparency with our readers. Some of our content includes affiliate links, and we may earn a commission through these partnerships. Read more

The low-cost carrier Norwegian Air is working to set up its own cryptocurrency exchange by the end of this year, the Norwegian financial news website E24.no reported.

Source: iStock/Senohrabek

The newly established company Norwegian Block Exchange (NBX) will be responsible for building and operating the exchange, as well as manage other blockchain initiatives for the airline, which is expected to buy a stake in the company in the near future. For the time being, Norwegian Air founder & CEO Bjørn Kjos remains the sole shareholder of the new company.

NBX is led by Stig Aleksander Kjos-Mathisen, the son-in-law of Kjos and former Head of Manpower Planning at Norwegian Air.

Although Kjos-Mathisen did not want to go into detail about the planned cryptocurrency exchange, he did indicate that at least the best known cryptocurrencies such as bitcoin and ethereum would be made available on the new platform.

Kjos-Mathisen explained that he now believes the world is about to reach a tipping point where more and more businesses will start accepting payments in cryptocurrency.

“By establishing a marketplace ourselves, where we can determine the appropriate level of KYC (know your customer) and customer due diligence, we can mitigate the risk of market actors unknowingly or indirectly getting involved in money laundering or terrorist financing,” he told E24.no.

The Oslo, Norway-based company is further looking into how blockchain technology can be utilized to improve efficiency within their own airline.

“We are looking into things that are scalable. This could be things like accepting cryptocurrencies as payment for airline tickets and making use of blockchain technology in our air cargo business,” he explained.

Although the cryptocurrency market has had a rough time so far this year, the CEO of the new exchange remains optimistic about the future outlook for the industry.

“Today, it is mainly individuals who are trading cryptocurrencies, but in the future we will see a huge increase in trading volumes as companies also start to get involved in trading. The way we see it, it’s just a matter of time before this happens,” Kjos-Mathisen said.

More Articles

Price Analysis
Will Trump’s Tariffs Boost Bitcoin: Down 5% Again
Arslan Butt
Arslan Butt
2025-02-08 14:39:24
Price Analysis
Solana Struggles: Price Down Almost 15% in a Week – Is It Time to Buy?
Arslan Butt
Arslan Butt
2025-02-08 13:22:54
Crypto News in numbers
editors
Authors List + 66 More
2M+
Active Monthly Users Around the World
250+
Guides and Reviews Articles
8
Years on the Market
70
International Team Authors