Flight Delays (Towards Data Science)
Bitcoin News

Flight Delayed? Bulgaria Start-Up Will Pay You In Bitcoin. Read How

Flight delays were never this exciting. As the air industries have been hit due to the novel coronavirus pandemic situation, a Bulgarian tech firm Colibra asserted that they will pay in Bitcoin for ever delayed flights. However, as with all the great things in life, terms and conditions do apply.

Colibra has been offering its payment-as-a-gratuity service since last year, but only added crypto as a payment option this week. The firm helps inconvenienced travelers to receive compensation.

Colibra is a community of travelers who share their right to receive compensations for 3+ hours flight delays (under EU261) so they can get paid for flights no airline would compensate (1 to 3-hour delays), as per its blog.

“At first people seem to be puzzled how they can get compensated for flight delays that are not covered by the EU regulation [that pays out after three hours] and without having to pay anything upfront,” Miroslav Zaporozhanov, the co-founder of Colibra, explained the service to Lonely Planet

He added that customers then learn the underlying principle, that all this is possible because “we collectively agree to share the downsides so that more of us can enjoy the upsides.”

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