The future of cryptocurrency had always been speculative and constantly clouded with doubts as crypto-assets were highly unregulated. The silver lining for the industry remains in terms of worldwide adoption, which has the potential to promote the use of virtual currencies.
According to reports, Corporate Traveller, the premier company for business traveling services based out of the UK, entered an alliance with BitPay, which is the largest global blockchain payment service.
The newly announced partnership would now allow Corporate Traveller to accept Bitcoin [BTC] and Bitcoin Cash [BCH] for travel bookings from its Small to Medium sized enterprises [SME] customers.
Corporate Traveller made the announcement on Twitter and stated,
According to the announcement, there would be no price deviation for the company as the users would send the payments via Bitcoin or Bitcoin Cash directly to Corporate Traveller’s bank account via Bitpay. BitPay would charge the users only 1% to approve the transaction, unlike the high cost levied by bank credit cards.
This new-formed partnership is monumental for the crypto community and further solidifies the convenient usage of cryptocurrencies.
Andy Hegley, the UK General Manager of Corporate Traveller, said,
“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.”
Sonny Singh, Chief Commercial Officer of Bitpay, had recently claimed that countries like Russia, China and India could play a major and significant role in the next Bitcoin Bull Run.
He believed that the crypto realms were pretty steady in places like the US and Europe, but for digital assets to grow and for price valuations to rise up, regulations had to undergo changes in places like Russia and India; where cryptocurrencies were being blatantly opposed.
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