Bitcoin, which only appeared 11 years ago, was able to draw the world’s attention to it with the increased expansion of its uses in various fields and sectors.

The advantages of using bitcoin instead of the dollar or the euro are already known.

The fact that bitcoins are not tied to banks or any other financial institution is the reason for their popularity nowadays.

The idea of ​​bitcoin and cryptocurrencies has spread all over the world, and many countries have been adopting bitcoin for years.

Bulgaria is one of the countries that accept Bitcoin and put it to various uses.

Bitcoin trading in Bulgaria:

Bitcoin trading is an easy process in Bulgaria.

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People who wish to do so can use an ATM.

There are many ATMs in the capital, Sofia, where bitcoin users can easily buy or sell bitcoins.

When it comes to the regulatory part, it is still not clear what directions things are going in the crypto world.

Interestingly, however, Bulgaria is the second country with the largest number of bitcoins in the world.

The Bulgarian government owns about 213,000 bitcoins.

So far, crypto users can easily trade their cryptocurrencies online using different trading apps and platforms.

Bitcoin flight delay compensation:

The latest news regarding cryptocurrencies in Bulgaria is that the Bulgarian company, Colibra, will pay passengers when their flights are delayed and compensate them using bitcoins.

Although the method is new and may seem unusual, what is certain is that it is a good idea.

When there is a flight delay of more than two hours, travelers using the Colibra app will get their money directly by depositing it into their account.

According to the Co-Founder of Colibra who commented on the matter by saying:

At first it seems people are confused how they can get compensation for flight delays that are not covered by the EU regulation.

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Colibra application and cryptocurrency:

Since 2019, Colibra has started compensating passengers for flight delays across various airlines but the cryptocurrency option has only been added recently.

Regardless of the reason for the delay provided by the airline, travelers will get paid in Bitcoin when the delay is more than two hours, and any airline must reimburse their passengers for the delay of more than three hours, regardless of the reason.

Airlines use various applications to compensate passengers when there is a delay, and these applications allow funds to be transferred automatically to the account of the passengers involved in the flight.

According to the startupCulebra“Delays in travel are widespread and the solution is to compensate travelers quickly, and digital currencies are one of the means that allow quick transfer and lower fees.

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Bitcoin redemption is nothing new around the world.

French insurance company AXA uses bitcoin to compensate passengers for delays of more than two hours, too.

The fact that flights are one of the Most used means of transportationIt makes sense to get compensation when the flight is delayed.

Colibra is the first company from Bulgaria to offer such a smart and pioneering solution.

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