UATP Partners With BitPay To Tap Into Cryptocurrency’s Growing Payment Popularity
The partnership will attract new business for UATP’s airline members while making payments faster, more secure, and less expensive on a global scale
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
To view the press release, click here.