In order to take advantage of the growing popularity of cryptocurrency payments, UATP has partnered with BitPay . This new collaboration will make it possible to initiate new activities for member airlines of UATP. At the same time, it will make payments faster, more secure and less expensive globally.
Use the network for fast transactions
In a statement, UATP said it is proud to work with the world’s largest provider of Bitcoin and cryptocurrency payment services , BitPay . She announced that this will allow her network to make Bitcoin (BTC) transactions faster and easier . But it’s not just BTC that’s concerned. There is also Ethereum (ETH), Dogecoin (DOGE), Litecoin (LTE) and other cryptocurrencies popular with travelers.
“Cryptocurrency continues to gain traction as a safe and reliable payment option, especially for high value purchases like travel. BitPay’s partnership with UATP enables their customers to enjoy the benefits inherent in blockchain payments without having to handle, hold or purchase cryptocurrencies themselves, ” said Stephen Pair , co-founder and CEO of BitPay .
Mr Pair also added, “UATP’s vast airline network is also now able to reach millions of new global customers who choose to pay in crypto, regardless of the wallet they hold, since BitPay supports all crypto wallets ”.
Today, the BTC has exceeded the market capitalization of $ 1 000 billion, and is recognized as one of the major currencies in the world (5 th place in the ranking). Note that BitPay , a pioneer in crypto payments, has processed more than $ 5 billion in blockchain payments since 2011, the year of its launch.
A market change in the industry
Ralph Kaiser , President and CEO of UATP, said that “the UATP – BitPay partnership brings together the perfect combination of two experts in airline payments and cryptocurrency ”. “Cryptocurrency payment is shaping up to be a market change in the industry; this partnership creates the opportunity for airlines to attract new customers and to be a pioneer in this very exciting space ”.
Let’s zoom in on UATP. It is a global payment network operated by airlines around the world. Thousands of traders have joined in order to make payments for air, rail and travel agencies. UATP’s mission is to help airlines take advantage of new payment solutions . In this way, they can generate additional sales around the world.
UATP has also developed data analysis tools that are easy to use. Its DataStream® and DataMine® tools provide comprehensive information on customer accounts.
UATP continues its foray into the cryptocurrency arena, and it is doing so in the most beautiful way. Indeed, it announced a new partnership with BitPay , the global payment services giant in Bitcoin (BTC) and other cryptocurrencies.
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