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.
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“3. Prohibition of use By accessing and using the Services, you represent and warrant that you are not on any trade or economic sanctions lists, such as the UN Security Council Sanctions list, designated as a “Specially Designated National” by OFAC (Office of Foreign Assets Control of the U.S. Treasury Department) or placed on the U.S. Commerce Department’s “Denied Persons List”. Binance maintains the right to select its markets and jurisdictions to operate and may restrict or deny the Services in certain countries at its discretion.”When comparing the wording to the one uploaded in June, it is clear that Binance removes US resident ban. The previous text read that "Binance is unable to provide services to any U.S. person," - which is why the difference is obvious.
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