Corporate Traveller, one of the United Kingdom’s premier travel management companies, is now open to Bitcoin (BTC) payments.
In a recent press release, Andy Hegley, Corporate Traveller’s General Manager in the UK, revealed that the company is working with BitPay, a cryptocurrency payments company. The partnership will allow the business travel company, which targets SME companies, to accept payments made in Bitcoins.
Hegley explained that they had “identified an increasing demand from our clients for the option to pay in bitcoin for business travel bookings made by our travel consultants.” He added that they decided to collaborate with BitPay in handling their merchant processing needs since the platform made it easier to manage the whole process of getting the cryptocurrency from their clients and depositing cash into the company account.
The press release also emphasized that Corporate Traveller is not worried about the crypto market’s price volatility since the digital currency will be directly converted into British pounds. BitPay is said to be charging one percent in commission in converting the currency. According to Corporate Traveller, the deal is actually cheaper than processing credit cards.
Corporate Traveller is just the latest organization to accept cryptocurrency payments. Customer demand has been pushing other organizations and firms in the travel and tourism niche to embrace the currency.
Germany’s National Tourist Board announced last year that it was already accepting bitcoins for payments. Meanwhile, the state government of Queensland, Australia gave a grant to crypto payment platform TravelbyBit to sell travel offers using cryptocurrencies. The move was aimed at generating more tourism for the country.