Buy Flights Using BIDR
Book your flights today and pay with BIDR (BIDR)
What is Bidr?
BIDR is a type of stabletoken. The concept is that they combine traditional fiat currency stability with crypto's secrecy, adaptability, theoretically low cost and speed. BIDR is connected to the Indonesian Rupiah, since a Stablecoin's value is fixed to a specific fiat currency. They employ a supply of a different cryptocurrency to keep their prices steady, BIDR's being Binance and Tokocrypto, burning the regular cryptocurrency when reaching unsustainable highs and stablecoin when they reach unsustainable lows. BIDR is based on the Binance Smart Chain.
BIDR was first released in Autumn of 2020, where it has since had a price history similar to the exchange rate of the Indonesian Rupiah to US Dollar.
$0.00007379 was the highest rate for the BIDR currency, which was not much more than the exchange rate from Rupiah to Dollars, as that was roughly $0.00007105 at the time.
Buy Flights with Bidr
Alternative Airlines is a global site for finding and booking flights, search through over 600 international airlines' flight schedules by simply entering your preferred departure and arrival cities in the search box at the top of the page. At checkout, select 'cryptocurrency' and then pick BIDR from the list of available cryptocurrencies.
Benefits of Buying Flights with Bidr (BIDR)?
Stabletokens such as BIDR are known for having fast transaction rates. The blockchain features speed up transactions, compared to traditional networks. You can access stablecoins like BIDR from anywhere in the globe, and the transfer of money is fast and cheap, as there are less processes needed for the service.
As BIDR is a stablecoin, it is also expected to have high security levels. Most stablecoins function on a decentralized network, which are provided with protection through high-tech cryptography. They have high transparency levels through their network, audits and validation processes, which all protect the user from any suspicious activity as best they can.
As BIDR is linked to the traditional fiat currency, Indonesian Rupiah, their reference asset, it means that the coin will most likely have more stablility as it will continue to follow a similar value to that currency. It is also less likely to be impacted by implications on the crypto market. This is the general case for stablecoins, although not confirmed for BIDR, it does appear to be evident in their price history.
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BIDR for Flights FAQS
What makes BIDR special?
Unlike other cryptocurrencies, Stablecoin's, which are the form of coin that BIDR is, have multiple advantages to them. They share many of the same advantages that multiple cryptocurrencies have, as well as having features similar to your typical fiat currency. Fast transaction rates, strong security and stability are all great general advantages for this type of coin, however these features aren't confirmed specifically for BIDR.
How can I buy BIDR?
You can acquire BIDR tokens through centralized crypto exchanges, with the most popular choice for trading BIDR being Binance. A crypto exchange is where you can sign up, deposit money to then use to buy crypto.
What's the currency code for BIDR?
BIDR is the currency code for BinanceIDR.
Can BIDR be used to buy flights?
Right here at Alternative Airlines, you have the option to pay for your flights using BIDR. We have listed below the simple steps needed to pay for your flights from over 600 international airlines:
- To begin the process, use the search bar located at the top of the page, and fill in the following information for: departure and arrival airports, travel dates, cabin class, and the number of passengers travelling.
- From the selection of flights shown to you, pick the one that's best for you, before pressing 'Confirm Selection'.
- Click 'Cryptocurrency' to select as your chosen payment method.
- Select 'BIDR' before continuing with the booking process. As soon as you have completed this, your flight booking should be confirmed instantly.
Alternatives cryptocurrencies to BIDR
We also have a guide for anyone confused about buying flights with cryptocurrency, so check that out if you require more information around the topic.