Corporate Traveller, the UK's largest travel management company, has just begun to accept Bitcoin as a means of payment, the company announced yesterday in a press release.
From now on, Corporate Traveller, which offers business travel management services to businesses, will start to accept the main cryptocurrency by market cap to pay for its services. This is possible thanks to the collaboration between the British company and BitPay, a startup specialized in crypto payments.
Andy Hegley, UK General Manager at Corporate Traveller, said:
"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."
Crypto's volatility will not affect Corporate Traveller, as crypto payments will be automatically converted into traditional money. The British firm will have to pay a 1% fee to BitPay for taking care of the whole process, which, according to Corporate Traveller, is much lower than the fee they have to pay for card transactions.
Why it is important
- According to a recent study, users are still afraid of paying with crypto. However, more and more companies are starting to accept Bitcoin as well as other altcoins as a means of payment in order to provide users with a wider range of options.
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