Headquartered in Calabasas, CA, Cheapair.com offers affordable airline tickets by scouring the web for the lowest prices using its proprietary algorithm. The travel website also offers hotel and car rental deals. Since its inception in 1989, the site reported having sold Cheapair.com Bitcoin Sales Soar 74% Over the Last 6 Monthsapproximately 3 million airline tickets.
According to Cheapair.com CEO Jeff Klee, customers have been buying airfare using bitcoin at a record rate for the company. He attributed the rise in sales to the rise in bitcoin’s price and the speculation in the market that the U.S. Securities and Exchange Commission (SEC) may approve the first Bitcoin ETF.
“The volatility of the currency has affected sales in the past in both directions, as sales have dipped when bitcoin prices dropped, and spiked as prices increased”, he noted. Klee further revealed that:
"We’ve seen a 74% year over year increase in bitcoin sales over the last 6 months."
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