The alliance will provide new business to UATP’s airline members while also making payments on a worldwide scale faster, more secure, and less expensive.
UATP is pleased to announce a partnership with BitPay, the world’s largest provider of Bitcoin and cryptocurrency payment services, to enable its Network to take payments in Bitcoin, Dogecoin, Ethereum, Litecoin, and six other popular cryptocurrencies for travel fast and conveniently.
The website has updated their new animated slogan that says, “Accept payments in any form”.
According to a recent poll, travel and leisure are among the top five products purchased with cryptocurrencies.
“The UATP – BitPay partnership brings together the perfect combination of two experts in airline and cryptocurrency payments,” Ralph Kaiser, president and CEO, UATP stated.
He further added, “Crypto payment stands to be a market changer in the industry; this partnership creates the opportunity for the airlines to attract new customers and to be a first-mover in this very exciting space.”
Bitcoin’s market capitalization has topped $1 trillion, making it the world’s fifth largest currency. Since its inception in 2011, BitPay, a crypto payments pioneer, has processed more than $5 billion in blockchain payments.
According to uatp.com, UATP is a global payment network owned and operated by the world’s airlines and accepted by thousands of merchants for air, rail and travel agency payments. UATP connects airlines to Alternative Forms of Payment which can expand reach and generate incremental sales globally.
UATP offers easy-to-use data tools, DataStream® and DataMine®, which provide comprehensive account details to Issuers and corporate travel buyers for accurate travel management.
AirPlus International issues the UATP-based Company Account for Lufthansa German Airlines.