Corporate Traveller, the largest travel management firm in the United Kingdom has now started accepting Bitcoin (BTC) for payments. The news was announced by a press release on April 15.
The firm has also partnered with BitPay for making crypto payments possible. Andy Hegley, U.K. 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.”
The press release further mentions that the firm is unperturbed with crypto price volatility as Bitcoins will be converted directly to British Pounds. Further, BitPay charges a commission to convert funds which is cheaper than credit card processing.
BitPay recently reported that it saw over $1 billion in transactions last year. Per the January press release, the firm set a new record in terms of transaction fee revenue, having expanded its services to major customers like Dish Networks, HackerOne, and the State of Ohio.
Several firms and organizations in the tourism and travel industries have begun accepting cryptocurrencies, citing customer demand. In late March, Five-star Dolder hotel and Autohaus Kessel car dealer announced that they will start accepting Bitcoin and Ether payments from May. On Jan. 30, BitPay entered into a partnership with Wikimedia Foundation to broaden the number of cryptocurrencies that are acceptable by donation.
Founded in 2011, BitPay is the pioneer and the most experienced company in bitcoin and blockchain payments. Its suite of products enables businesses to send and receive cross border payments, also enabling consumers to manage digital assets with the BitPay Wallet and turn digital assets into dollars with the BitPay Prepaid Visa® Card. The company has offices in North America, Europe, and South America and has raised over $70 million from leading investors including Founders Fund, Index Ventures and Aquiline Technology Growth.
About Corporate Traveller
First established in the UK in 1999 by parent company Flight Centre Travel Group, Corporate Traveller specialises in providing travel management services regionally to clients across the UK with an SME-size travel spend of £50K to £2M.. In addition to the UK, Corporate Traveller has offices around the world, including the USA, Canada, South Africa, Australia, New Zealand and India