A recently announced partnership with crypto payments firm BitPay will enable Corporate Traveller — that offers business travel management solutions to SME businesses — to take bitcoins. Andy Hegley, U.K. General Manager in 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.”
According to the press reelase, Corporate Traveller is unconcerned with price volatility at crypto markets, since the bitcoins will soon be converted into British pounds. BitPay supposedly charges a 1 percent commission to convert the capital, which Corporate Traveller states is less expensive than credit card processing.
Utilizing BitPay, payments obtained via bitcoin or bitcoin money will settle right in Corporate Traveller's bank account in two business days – denominated in GBP. There's absolutely no cost volatility or threat to the organization, and as a push trade, the consumer sends the specific quantity of Bitcoin or Bitcoin Cash required to cover the invoice. Unlike the high price of credit cards, BitPay costs 1 percent to approve the bitcoin or bitcoin money settlement and transaction.
BitPay empowers transactions from any other computer or mobile device and bills can be produced by means of an email statement, or within an internet eCommerce transactions, which makes it convenient and dependable for Corporate Traveller's clients. As of 2018, BitPay procedures over $1 billion yearly from thousands of retailers and B2B clients globally.
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.”