Stratos Jet Enters Partnership for Crypto Payments

 - January 4, 2022, 10:01 AM

Stratos Jet Charters has partnered with cryptocurrency exchange FTX US to accept payments in crypto and fiat through the FTX Pay platform. The service will be available only to FTX customers in the U.S.

Under the partnership, the Orlando, Florida-based charter broker chooses which coins or crypto it will accept for payments by way of the Stratos Marketplace online booking platform. Stratos customers will be charged a 1.5 percent fee compared with a 4 percent fee associated with standard credit card payments.

“With the current unprecedented level of demand for private aviation, Stratos was looking for a more secure and efficient way of securing client payments for charter flights,” said Stratos CEO Joel Thomas. “We felt that accepting crypto as a form of payment would dramatically reduce our risk versus credit cards and we selected FTX Pay due to the sophisticated simplicity of its platform and its ability to seamlessly integrate it within our air charter marketplace.”

Thomas added that in the first week of integrating the platforms about a half-million dollars in revenue was transacted.