Utah-headquartered aircraft sales and acquisition company Soljets has proved itself a frontrunner when it comes to using technology; its proprietary technology Soldata puts the company at the forefront of real-time market intelligence. Now it has become one of the first US jet brokerages to complete a transaction using cryptocurrency.

Soljets has been offering an alternative digital payment in conjunction with traditional methods. Last autumn it registered with BitPay, a providers of crypto-centric payment services, and completed its first cryptocurrency transaction in early November 2021. Adopting this technology meant it could streamline the brokerage and acquisition process even further.

The first client to take advantage of the cryptocurrency payment option was Taylor Gerring, co-founder of Ethereum Foundation, an organisation that developed technology at the core of a global payments and digital art. Gerring not only has a long history with blockchains, but is also a pilot whose passion for aviation began while working on Ethereum.

“I was drawn to Soljets because of its clear focus on a data-driven approach.," says Gerring. "From the moment we began discussing my mission profile, all the way through the demo flight and acquisition, I felt the full backing of its team tirelessly working in the background to ensure the best purchase experience possible.”

Soljets believes forward-thinking individuals can't help but notice the promise and value of innovative payment technology to transform the sales industry at large. Many are confident of the inventiveness of crypto-related services and feel this is just the start of a wide-ranging phenomenon. Acquiring traditional assets with innovative payment solutions is one small step towards changing how the world sees the global financial system.

“Soljets strongly believes in the simplicity and efficiency of cryptocurrency as it mimics our firm's transactional goals,” adds co-founder and partner Matt Stringfellow. “Taylor Gerring presented an excellent opportunity to further educate ourselves about cryptocurrency and its advantages. We look forward to future crypto clients.”