UK’s largest travel management firm has announced its partnership with the world’s leading bitcoin and blockchain payments provider firm to accept bitcoin and bitcoin cash for the business travel clients in a press release published on April 15, 2019.
The new move is to facilitate the travelers while servicing them as per their needs and desire to pay the travel charges in cryptocurrency.
As per the document, the Corporate Traveller founded in 1999, in the UK and having its offices worldwide including the USA, Canada, South Africa, Australia, New Zealand, and India. The firm is the oldest and largest establishment which specializes in providing travel management services with a blend of right technology regionally to clients across the UK with an SME-size trip spend of £50K to £2M. The firm is the leading travel services provider for the last 20 years which focuses on delivering the exact customer tailored products and services like personal booking service, detailed reporting, savings recommendations, and 24 hours emergency assistance globally that are able to retain old customers and attracting new ones as well.
Bookings made by Corporate Traveller client consultants have seen increasing demand and interest in making business travel booking payments in bitcoin. The company in order to provide the on-demand easy payment solutions chose Bitpay for managing the merchant processing activity due to Bitpay’s far and wide experience of handling the entire process from getting the Bitcoin or Bitcoin Cash from the customer, then depositing the cash into company’s account. The new initiative would further ease out the Corporate Traveller clients and help the company to grow further and intact in catering the needs of SME clients in a more valuable way” said Andy Hegley, Corporate Traveller, U.K. General Manager
The release further recognizes the rich exposure and experience of Bitpay in handling the cryptocurrency transactions. The crypto and blockchain payment solutions provider are able to deal payments whether it is from a computer or any mobile device. The invoices can also be generated via email invoice or like any online eCommerce transactions. The collaboration would certainly make the Corporate Traveller’s client to believe in the convenient and reliable services of the company and to continue their relations in a more consistent way.
Although, Bitcoin price is quite volatile and its quite difficult to guess market sentiments of the cryptocurrency market until and unless the consultant or a client is an experienced analyst of the crypto industry. Still, Corporate Traveller is unfazed and having no issues with the price volatility because after receiving the crypto payments from the clients, immediately Bitpay after charging its 1% commission would convert the digital assets into British pound sterling (Fiat money). The 1% commission charge is very economical for the Corporate Traveller comparing to credit card high processing charges.
In fact, as per the growing knowledge and demand by the customers, other travel firms and big businesses are also starting accepting the cryptocurrency payments in exchange for their goods and services. Earlier, this year in Feb, KoinPost, mentioned about the South American country which has allowed acceptance of payments in Bitcoin covering 37 countries for public transport services through topping up SUBE cards.
During 2018, the announcement of accepting bitcoin and various other popular cryptocurrencies published by German National Tourist Board and the state government of the Australian province of Queensland to boost the tourism and economy.