Corporate Traveller is the UK’s largest business travel service and will be processing the cryptocurrency payments through BitPay. The payments will be converted to Pound sterling (GBP) and settled within two business days.
The company has said it sees the potential in blockchain technology and wants to be the first in their sector to integrate cryptocurrencies as payment.
Given that Corporate Traveller is a subsidiary of Flight Centre, there has been some speculation over whether or not the travel giant will follow in allowing cryptocurrency payments.
Currently, Flight Center has 1,239 locations throughout the world. The company is likely piloting Bitcoin payments with Corporate Traveller before accepting it all Flight Centre locations.
Interestingly, the tourism sector has been one of the biggest adopters of cryptocurrencies — so such a move makes sense. There are already many high-profile cryptocurrency projects which seek to roll out cryptocurrency-based point-of-sale systems across airports. Others startups are aiming to integrate various cryptocurrency payments into bookings.
Flight Centre is likely watching these developments and taking note. That’s why Corporate Traveller’s adoption of Bitcoin is such big news — if successful, we could see one of the largest travel agencies in the world start accepting Bitcoin. If that were to happen, there would be little doubt that a cascade of cryptocurrency adoption in the travel industry would follow.
Do you think Flight Centre has an incentive to adopt Bitcoin? Can the travel industry use blockchain technology for something other than just payments? Let us know your thoughts below!