Ravn Alaska is working to make its FlyCoin credits redeemable for hard currency.
Ravn CEO Rob McKinney said he’s unsure when the rewards program will transition to cryptocurrency, but he estimates around late April. where customers could earn credits to purchase things like airline tickets or pay baggage fees. They named the credits “FlyCoin.”“It’s going to be listed on cryptocurrency exchanges,” said Ravn Chief Operator Rob McKinney. “So then if you wanted to, you could trade your FlyCoin in for Bitcoin or for Ethereum.
He’s unsure when the rewards program will transition to cryptocurrency, but he estimates around late April.“If they’re afraid of the cryptocurrency aspect of it or don’t want to use it for any of that, [they] can use it just like it’s always been and say, ‘I want my free flight to St. Paul or to Unalaska, and I want to use my FlyCoin to do that,’ and it’ll work exactly the same,” McKinney said.
Now representatives from both airlines still haven’t given a firm date on when the mileage sharing agreement would return. But travelers can still earn Alaska Airlines miles when they fly with Ravn, which is a significant step towards making travel to remote Alaska communities more affordable.
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