The travelling industry accepting Bitcoin
According to information coming from a UK travelling agency, it has recently started accepting Bitcoin Cash(BCH) and Bitcoin (BTC) payments. This move has influenced other travelling groups such as Flight Centre Group to embrace cryptocurrency payments as well in the future.
According to the Australian news outlet Micky, corporate travellers have made a great move to start accepting both these cryptocurrencies as payments. This is said to have come due to an increase in demand for payments in these currencies from clients.
The travelling service currently has 20 locations across the UK and the company is one of the countries largest business travel service providers.
In a comment coming from the company’s general manager, Andy Hegley:
“We identified an increase in demand from our clients for the option to pay in Bitcoin for business travel bookings made by our travel consultants.”
The company has started accepting cryptocurrency payments through a partnership it started with BitPay in order to protect itself against rigorous volatility.
BitPay helps companies to accept Bitcoin and other cryptocurrencies more easily while offering the possibility of converting funds into fiat-currencies like GBP. The company then receives its funds within two business days.
According to Hegley, BitPay was chosen to manage this entire process, so the corporate travelling agency would only need to handle the GBP(pounds) process.
He added that:
“The Blockchain industry is growing exponentially and as such, the company is excited to be able to give its clients bitcoin and bitcoin cash payment options.”
Micky is looking forward to being part of the increasing number of companies accepting cryptocurrencies with Flight Centres looking to start accepting Bitcoin and BCash as well in future.
The travelling agency is waiting to see how the adoption of bitcoin and other cryptocurrencies will be taking root at other travelling corporations before they let customers start paying with bitcoin. One of the leading sectors for cryptocurrency adoption is in the tourism sector. As such, it is becoming one of the leading industries to make frequent cryptocurrency transaction in.
Similarly, another Blockchain start-up that goes by the name Travala, is also a booking website focused on introducing bitcoin payments to mainstream audiences. It has recently gathered over $2.6 million through its Initial Coin Offering last year and is currently booking over 500,000 hotels throughout the world.
More travelling and booking companies are expected to start joining the cryptocurrency payment movement in the coming months. As companies have revealed that they are excited about the decisions they have made to start accepting bitcoin as payment.