Altcoin News: The UK’s Largest Travel Agency Accepts BTC and BCH

April 16, 2019, by Marko Vidrih on ALTCOIN MAGAZINE

The UK’s leading travel agency Corporate Traveller now accepts Bitcoin and Bitcoin cash payments thanks to a partnership with BitPay.

The crypto acceptance is slow, but still progressing. The UK’s largest travel agency, Corporate Traveller, announced a new partnership with payment provider BitPay on April 15. This allows customers to pay for their trips with Bitcoin and Bitcoin Cash.

The general manager of Corporate Traveller stated:

“We identified an increasing demand from our clients for the option to pay in bitcoin for business travel bookings made by our travel consultants. We chose BitPay to manage our merchant processing because they make it easy and handle the entire process of getting the Bitcoin or Bitcoin Cash from the customer and depositing cash into our account.”

In addition, the price fluctuations in the crypto markets should have no impact on corporate travelers, the release said. That’s because payments made through Bitcoin and Bitcoin Cash are converted directly into British pounds. Unlike the high cost of credit cards, BitPay only pays a 1% commission to convert the coins.

Bitpay’s Sonny Singh seems optimistic that the blockchain and assets based on this technology will be a big part of the travel industry.

“We are excited that Corporate Traveller is committing to offering clients the ability to pay in bitcoin and bitcoin cash,” said Sonny Singh, Chief Commercial Officer of BitPay. “We know blockchain payments provide a strong user case for travel, with customers now able to spend bitcoin on corporate travel bookings. We have seen big growth from airlines and travel agents who are tapping into the massive blockchain market.”

Corporate Traveller’s sudden acceptance of BTC only consolidates the growing issues of acceptance in today’s crypto-economics.

Other tourism and travel companies also accept cryptocurrencies to meet customer demand. In March 2018 , the German National Tourist Board announced that it is using Bitcoins and other cryptocurrencies as payment for its services.

Author: Marko Vidrih