United Kingdom
United States
Asia Pacific
Trading platform turning loyalty points into bitcoin
Digital currency tech firm Bitcoin Brands Inc. has launched a new trading platform allowing frequent fliers to convent mileage points into bitcoin.
BitcoinforMiles.com offers individual customers and corporate account holders to exchange excess miles or points for a bitcoin value, and once verified transactions can be completed within minutes, the company says.
The platform offers to trade miles in numerous programs including American Airlines, Delta, British Airways, US Airways, Air France/KLM, Cathay Pacific, Alaska Air, United Airlines, Virgin America, Singapore, JetBlue and Frontier.
Customers can also trade points in American Express and Chase accounts and several hotel reward programs.
"We believe travel is going to be a significant driver of bitcoin adoption. Bitcoinformiles.com offers consumers an innovative way to turn unused miles into an asset which may increase in value," said Peter Klamka, president of Bitcoin Brands Inc.
"I’ve been overwhelmed by the response to the website," Klamka added
"People want to turn their miles into bitcoin. It’s serving a customer that has a desire to own bitcoin."
Customers wishing to trade their points send a request for a quote on the website.
Klamka says sellers receive between half a cent to 1.7 cents per mile or point on average.
The website points out that although there are no specific state and federal laws against trading loyalty points, it is forbidden under the terms and conditions of each individual loyalty program.
The company said it also plans to sell discounted travel products and services for bitcoin.
Bitcoin Brands Inc also leases bitcoin vending machines and ATM cash dispensers.
TravelMole Editorial Team
Editor for TravelMole North America and Asia pacific regions. Ray is a highly experienced (15+ years) skilled journalist and editor predominantly in travel, hospitality and lifestyle working with a huge number of major market-leading brands. He has also cover in-depth news, interviews and features in general business, finance, tech and geopolitical issues for a select few major news outlets and publishers.
Kittipong Prapattong’s Plan for Thailand’s Tourism Growth: Taxes, Visas, and Campaigns
James Jin: Didatravel’s Journey from China to Global Reach and the Impact of AI on Travel
Darien Schaefer on Pensacola’s Evolution: From Small Town to Global Destination
Florida Tourism’s Next Frontier: Dana Young on Expanding Beyond the Classics
Patrick Harrison on Tampa Bay Tourism’s Resilience and Marketing Strategy
Bubba O’Keefe on Clarksdale’s Vibrant Music Scene
Commemorating Elvis and Embracing Tupelo’s Culture with Jennie Bradford Curlee
Craig Ray and the Expansion of the Blues Trail
Presenting Mississippi’s Cultural Trails with Katie Coats
Robert Terrell: A Journey Through BB King’s Influence
Rochelle Hicks: Celebrating Mississippi’s Musical Legacy
Exploring Jacksonville with Katie Mitura: The Flip Side of Florida
Dozens fall ill in P&O Cruises ship outbreak
Turkish Airlines flight in emergency landing after pilot dies
Boy falls to death on cruise ship
Unexpected wave rocks cruise ship
Storm Lilian travel chaos as bank holiday flights cancelled