WASHINGTON, Sept. 8, 2021 /PRNewswire/ -- UATP is proud
to be partnering with the world's largest provider of Bitcoin and
cryptocurrency payment services, BitPay, to offer its Network the
ability to accept payments quickly and easily in Bitcoin, Dogecoin,
Ethereum, Litecoin and six other popular cryptocurrencies for
travel. Travel and leisure are among the top five items
purchased with cryptocurrency based on a recent Pymnts.com
survey.
"Cryptocurrency continues to gain momentum as a safe and trusted
payment option, especially for high-value purchases like travel.
BitPay's partnership with UATP provides their customers with the
inherent benefits of blockchain payments without having to handle,
hold, or buy crypto themselves" said Stephen Pair, Co-Founder and CEO, BitPay.
"UATP's broad network of airlines are also now capable of reaching
millions of new global customers who choose to pay with crypto
regardless of what wallet they hold since BitPay supports all
crypto wallets."
Bitcoin has surpassed the $1
trillion market capitalization and is recognized as the
5th largest currency in the world. BitPay, a
crypto payments pioneer, has processed more than $5 billion in blockchain payments since
launching in 2011.
"The UATP – BitPay partnership brings together the perfect
combination of two experts in airline and cryptocurrency payments,"
said Ralph Kaiser, president and
CEO, UATP. "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."
For more information, visit UATP.com
ABOUT UATP
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.
Accepted as a form of payment for corporate business travel
worldwide by airlines, travel agencies and Amtrak®; UATP
accounts are issued by: Aeromexico; Air Canada (TSE:AC); Air China;
Air New Zealand (ANZFF.PK); Air Niugini; American Airlines (NASDAQ:
AAL); APG Airlines; Austrian Airlines; BCD Travel; China Eastern
Airlines (NYSE: CEA); Delta Air Lines (NYSE: DAL); EL AL Israel
Airlines; Etihad Airways; Fareportal; Frontier Airlines; GOL Linhas
aereas inteligentes S.A. (NYSE: GOL and Bovespa: GOLL4); Hahn Air;
High Point; Japan Airlines (9201:JP); JetBlue Airways; Qantas
Airways (QUBSF.PK); Shandong Airlines; Sichuan Airlines;
Southwest Airlines; Sun Country Airlines; TUIfly GmbH; Turkish
Airlines (ISE:THYAO); United Airlines (NYSE: UAL) and WestJet.
AirPlus International issues the UATP-based Company Account for
Lufthansa German Airlines.
About BitPay
Founded in 2011, BitPay celebrates its
10th birthday this year as one of the oldest
cryptocurrency companies. As a pioneer in blockchain payment
processing, the company's mission is to transform how businesses
and people send, receive, and store money. Its business solutions
eliminate fraud chargebacks, reduce the cost of payment processing,
and enable borderless payments in cryptocurrency, among other
services. BitPay offers consumers a complete digital asset
management solution that includes the BitPay Wallet and BitPay
Prepaid Card, enabling them to turn digital assets into dollars for
spending at tens of thousands of businesses. The company has
offices in North America,
Europe, and South America and has raised more than
$70 million in funding from leading
investment firms including Founders Fund, Index Ventures, Virgin
Group, and Aquiline Technology Growth. For more information visit
bitpay.com.
Contact:
UATP Corporate
Communications
Wendy Ward, wward@uatp.com
+1 202 250 4665
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SOURCE UATP