UK’s largest business travel management services provider has recently announced the collaboration with one of the world’s oldest and most reputed Bitcoin and blockchain payment provider. As a result, Corporate Traveller, the business arm of Flight Centre Travel Group, one of the world’s largest travel companies, has now started accepting Bitcoin and Bitcoin Cash for payments for its small and medium-sized enterprises customers for business travel bookings, according to a press release on April 15.
Corporate Traveller is UK’s leading travel company that serves in a specific segment of hospitality and travel management business providing regional travel management services to SME companies whose annual business travel spending is from £50K to £2M. Moreover, the company is one of its kind and top of the line travel management services provider across the UK delivering online and offline services purely for SME companies. This newly formed partnership will now allow Corporate Traveller to accept the payments in the form of Bitcoin and Bitcoin Cash.
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.” Appreciating the exponential growth of the blockchain and cryptos he further said that the partnership will enable the company to accept the payment in Bitcoin and might make Corporate Traveller the first business travel management company to offer crypto payment option to SMEs clients.
As per press release, all the payments in Bitcoin and Bitcoin cash will directly be converted and transferred to Corporate Traveller’s bank account using Bitpay. The payment settlement time will be roughly two days. Moreover, Bitpay charges only 1% for fund conversion which is much cost effective than credit card processing. Bitpay is one of the most experienced and reputed Bitcoin and blockchain payment service provider processed more than $1 billion from hundreds of thousands of clients across the globe in 2018.
Sonny Singh, Chief Commercial Officer of BitPay said: “We are excited that Corporate Traveller is committing to offering clients the ability to pay in bitcoin and bitcoin cash. “We know blockchain payments provide a strong use case for travel, with customers now able to spend bitcoin on corporate travel bookings. We have seen big growth from airlines and travel agents who are tapping into the massive blockchain market.”