Corporate Traveller, which is known as the largest travel management firm in the United Kingdom, has officially decided to accept Bitcoin (BTC) for payments, according to an official press release shared on the website on April 15.
As featured on many best cryptocurrency news sites, the latest cryptocurrency news show the travel management firm and its initiative to accept Bitcoins and provide business travel management services. However, the backbone lies in the newly announced partnership with the crypto payments company BitPay.
As the UK General Manager at Corporate Traveller Andy Hegley stated:
“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.”
According to the release, Corporate Traveller is unconcerned with price volatility in crypto markets – mainly because the Bitcoins will be converted directly into British pounds. According to its fee structure, there is a 1% commission to convert the funds from and to Bitcoin – which the travel management firm has described as “cheaper than credit card processing.”
So far, there are many organizations in the tourism and travel industries to accept cryptocurrencies and cite the customer demand. Aside from the UK’s largest travel management firm, in March 2018 the German National Tourist Board announced that it takes Bitcoins and other cryptocurrencies as a means of payment for its services.
In August 2018, the state government of the Australian province of Queensland issued a grant to the TravelbyBit digital currency payments platform with which it aimed to boost the tourism in the Central Queensland area through selling travel offers that can be bought with cryptocurrencies.
Meanwhile, BitPay made the altcoin news recently, reporting that it saw over $1 billion in transactions last year.
New 2019 Bitcoin High Puts BTC At $8,939
"$BTC now in bull market territory after an intraday blow-off top. R: 7000, 8000 S: 6400, 6000 Old levels not as valuable, hence why above 6400 only looking at round numbers as major resistance. Hourly volume at Bitmex was the 2nd largest ever after Sep/5/18."https://twitter.com/krugermacro/status/1127114577504874496 This has led the Bitcoin price to recover to $7,000 on May 11. Since then and in only three weeks, we are seeing a new 2019 Bitcoin high in which the price of BTC has added nearly $2,000 and rose by 27% during this period. As analysts show, the stunning recovery of Bitcoin can be mainly attributed to three factors which include:
- The bull market territory made the price rise from $3,000 to $7,000 which also raised momentum
- The volume on regulated platforms such as CME is surging, indicating a significant increase in institutional investors and their money
- The volume on exchanges and Google Trends popularity for the keyword "Bitcoin" as another factor behind the new 2019 Bitcoin high
Bitcoin Trademark Has Its Origins From The Escobar Family
“To avoid abandonment of applicant’s trademark application, the USPTO must receive applicant’s complete response to this letter within 6 months of the issue/mailing date below.”There was not a single reply so Craig Wright declared himself as the real Satoshi Nakamoto. Coin Legal Ltd’s original claim on bitcoin noted:
“Financial services, namely, providing a virtual currency for use by members of an on-line community via a global computer network.”Wright claim goes further:
“Cryptocurrency, namely, providing a digital currency or digital token for use by members of an on-line community via a global computer network; Cryptocurrency, namely, a digital currency or digital token, incorporating cryptographic protocols, used to operate and build applications and blockchains on a decentralized computer platform and as a method of payment for goods and services.”
Bitcoin Will Disappear: Craig Wright’s Hot New Manifesto
‘’I designed Bitcoin to be a system that worked within the rules. Bitcoin needs to act within the rules. If it doesn’t, then the exchange and systems that allow people to use bitcoin act to stop it being widely used and disseminated and criminalise all of those in the system.’’He also noted that every other monetary system such as BTC seeks to operate outside the rules, it becomes an outlaw system. Wright wrote:
‘’The majority of people want rules. They don’t want to fight in a world of uncertainty, and want to know the contract that they have conducted will remain valid not just now, but throughout the term of the exchange-for which we need rules.’’Also, as explained in the latest cryptocurrency news, Wright thinks that crypto exchanges are criminal enterprises and that they are the ones responsible for money laundering. He says that they will go out of business since ‘’crime always fails.’’ He even accused Bitfinex and Binance of lying to their customers because they are not decentralized. Wright explained that this is one of the reasons why bitcoin will disappear since many people tend to use decentralized exchanges so they can hide or launder money.
Stock Market Outperformed By Bitcoin By 10 Times This Year
‘’At this point, a $200 move in the price of Bitcoin could easily lead to a move of $2,000.’’The billionaire venture capitalist Tim Draper, spoke to CNBC and pointed out that the newly established brands which go public such as Uber, aren’t going to experience huge price growths. Instead, he expects that the stock market and its value will increase by 10 to 20 percent. Bitcoin bulls, on the other hand, don’t get a headache for the top-ranked cryptocurrency since BTC has so far remained close to the $8,000 price point despite the recent downturns. Mary Yusko, the Managing Director of Morgan Creek Capital Management, stated in an interview with one of the best cryptocurrency news sites and described BTC as a great investment portfolio diversifier. Many other commentators have stated previously that BTC will constitute at least one percent of every investment portfolio. Yusko also expressed his opinions similar to Pompliano’s saying that BTC is always a better investment than stocks. Back in 2019, Yusko spoke about the potential of the cryptocurrency saying it was the greatest wealth opportunity of our time. Bitcoin’s stock would be a great investment portfolio diversifier that could come into more significant prominence during a market decline. According to Yusko, the Federal Reserve and their comments on slashing interest rates show the awakening of the economic weakness. Central banks across the world are also on considering adding similar monetary policies. The history of price precedence shows that the rate cuts can lead to market weakness as it was in 2001 or 2008. For some people such as the bitcoin bull Max Keiser and Travis Kling, Bitcoin is a hedge against the fallback from the ‘’irresponsible’’ central bank policies.
Join us on Facebook
- BSV Price Surges By 33% Due To A Copyright Application
- SEC Regulations Would Drive Innovation Away From US To Asia: Businessman
- New 2019 Bitcoin High Puts BTC At $8,939
- BitTorrent Token Surges 20% After Justin Sun Tweets Latest Announcement
- BitMex Research Shows BCH Experienced Two-Block Chain Reorganization
UPCOMING EVENTS RECOMMEND BY DC FORECASTS
Bitcoin News1 day ago
Bitcoin Will Disappear: Craig Wright’s Hot New Manifesto
Analysis4 days ago
Expected Bitcoin Drop Leads Major Crypto Assets To Drop By 7%
Blockchain News3 days ago
Samsung Pay Gets Ready For Crypto Integration: Report
Altcoin News2 days ago
Altseason Tips From Cryptocurrency Traders And Expert Analysts
Blockchain News1 day ago
Robinhood Mobile Trading App Valued At $7 Billion: Report
Blockchain News5 days ago
Bitcoin Copyright Registrations Don’t Recognize Wright As The BTC Creator
Bitcoin News1 day ago
Bitcoin Bull Max Keiser Predicts Bitcoin Will Reach $100,000
Regulation2 days ago
Bank Of Russia Is Interested In Developing A Gold-Backed Cryptocurrency