Corporate Traveller has announced that it has joined hands with Bitpay. Bitpay is the top blockchain payment provider in the globe. This partnership will allow the SME clients of Corporate Traveller to make business travel bookings using BTC and BCH.
Corporate Traveller is a division of Flight Centre Travel Group, one of the biggest travel firms in the world. It is the go-to travel firm for UK-based SMEs that spend 50,000 to 2 million pounds per year. The firm has offices in 20 locations in the UK and it is the only company that offers online and offline services for small and medium-sized enterprises.
Reasons for Choosing Bitpay
In a press release, Corporate Traveller’s general manager, Andy Hegley 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. The blockchain industry is growing exponentially and we are excited to be able to offer our clients the ability to pay in bitcoin, whilst having the reassurance of our settlement from Bitpay being in pounds sterling. We believe Corporate Traveller is the first business travel management company to offer this payment option to SMEs in the UK.
He added that the firm decided to add crypto payments to attract new clients while maintaining the ones it has. By using Bitpay, Corporate Traveller would get all crypto payments in its bank account in two business days. This move also helps the firm avoid the price volatility associated with crypto. Bitpay only charges a 1 percent fee to transact BTC and BCH. This means the SME clients would only send the exact amount of crypto needed to settle the bill.
On top of this, SMEs can access Bitpay through a computer or a mobile that has an internet connection. The payment platform also creates invoices via email or as an online e-commerce transaction. These features make Bitpay a suitable and reliable payment platform for the firm’s clients.
Corporate Traveller’s move to add crypto as a payment option is set to push for the mass adoption of crypto.
Another Adoption in the Crypto Space
This news comes as crypto adoption continues expanding rapidly across the globe. According to a recent report, Kazuhiro Tokita, the president of Decurret, an FSA-regulated crypto exchange hinted that crypto has almost become mainstream. He revealed a system that would allow the exchange’s users to own a Suica card, which is used on East Japan Railway Company’s metro and shinkansen systems. The system would allow the exchange’s customers to add funds to their Suica cards using crypto.
Do you think Corporate Traveller’s decision to add crypto payment options will help the industry achieve mass adoption? Let us know in the comments below.