UK’s LargestCorporate Travel
Corporate Traveller, the largest specialist provider of corporate travel services to enterprises, has now aligned with Bitcoin payment provider BitPay to allow for Bitcoin payments for business travel bookings at its website.
The company, itself a division of one of the biggest travel firms globally, Flight Centre Travel Group, serves a clientele with a travel expense of at least GBP 50,000 (USD 65,500) to GBP 2million (USD 2.62 million) per year. With over 20 locations in the UK and the only one in its class offering dedicated services to this client sector online and offline, it would appear that this would mean good news in terms of Bitcoin adoption for commercial purposes.
Corporate Traveller made assurances in its own statement that Bitcoin’s volatility would not be a risk, however, since payments made via Bitcoin through BitPay would be directly settled in its bank account within two business days in GBP denominations. The immediate benefit appears to be the 1% fee settlement charged by BitPay, claimed to be less than what credit cards would cost.
The firm claims to be able to provide airfares, rates and product options not typically available to business consumers because of its network. According to Andy Hegley, UK General Manager, its move to accept Bitcoin is part of its push to continuously push for evolving and pioneering products, as well as an increasing demand from clients to pay in Bitcoin:
“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.”
BitPay is the world’s leading Bitcoin payment processor and has been a long-term advocate of Bitcoin. It has said that Bitcoin is an “under-pound gorilla” that will one day eclipse all other cryptocurrencies.
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