Corporate Traveller, a UK-based specialist provider of business travel management services to SME companies, announced on Monday it has teamed up with global blockchain payment provider BitPay to allow cryptocurrency payments on its platform. Corporate Traveller reported that it may now accept bitcoin and bitcoin cash payments from its SME customers for business travel bookings.
“Using BitPay, payments received via bitcoin or bitcoin cash will settle directly in Corporate Traveller’s bank account within two business days – denominated in GBP. There is no price volatility or risk to the company, and as a push transaction, the user sends the exact amount of Bitcoin or Bitcoin Cash needed to pay the bill. Unlike the high cost of credit cards, BitPay charges 1% to approve the bitcoin or bitcoin cash transaction and settlement.”
While sharing more details about the partnership, Andy Hegley, UK General Manager, Corporate Traveller, stated:
“We have been leading the way in terms of looking after the specific business travel needs of SME companies for the last 20 years. Our business is built around our customer and will only continue to be successful if we focus on the delivery of a customer service experience that clients will not receive anywhere else. That’s why we continue to evolve and pioneer products and services that are tailored to our clients in order to retain existing customers as well as reach new clients.”
Sonny Singh, Chief Commercial Officer of BitPay, added:
“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 user 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.”