Category Archives: Bitcoin payment

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Pay with Bitcoin at Whole Foods, Nordstrom, Major Outlets

Pay with Bitcoin at Whole Foods, Nordstrom, Major Outlets

Giant retailers such as Whole Foods, Barnes and Noble, and Crate & Barrel are now Bitcoin merchants allowing customers to pay in the world’s favorite cryptocurrency. And apparently, they won’t even know if you’ve paid in Bitcoin.

A new partnership was announced between fintech payments startup Flexa and Gemini, the cryptocurrency exchange platform operated by the Winklevoss brothers. Tyler Winklevoss notes:

“Together, by providing Flexa with trusted custody and infrastructure, we hope to profoundly improve the payment experience; and merchants who are currently subject to overly complex, expensive legacy systems of credit and debit cards stand to benefit significantly.”

All the cryptocurrency deposited in the SPEDN mobile app will have Gemini as its custody, which will probably make the entrance for newcomers more comfortable at first. Interestingly, the cashier processing the payment with the consumer’s app won’t even be aware if the payment is made with crypto, although they can choose crypto and fiar settlements. As of now, users can choose Bitcoin, Ethereum, Bitcoin Cash or Gemini Dollar, the native stablecoin of Gemini.

Many others are now embarking on massive Bitcoin campaigns, fighting for it to gain even wider recognition among traditional circles. Grayscale Investment is one attacking even the core asset for storing value, with its digital #dropgold campaign gaining traction.

 

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UK’s Largest Corporate Travel Provider Adopts Bitcoin

UK’s Largest Corporate Travel Provider Adopts Bitcoin (2)

Corporate Traveller, the largest specialist provider of corporate travel services to enterprises, has now aligned with Bitcoin payment provider BitPay to allow for Bitcoin payments for business travel bookings at its website.

The company, itself a division of one of the biggest travel firms globally, Flight Centre Travel Group, serves a clientele with a travel expense of at least GBP 50,000 (USD 65,500) to GBP 2million (USD 2.62 million) per year. With over 20 locations in the UK and the only one in its class offering dedicated services to this client sector online and offline, it would appear that this would mean good news in terms of Bitcoin adoption for commercial purposes.

Corporate Traveller made assurances in its own statement that Bitcoin’s volatility would not be a risk, however, since payments made via Bitcoin through BitPay would be directly settled in its bank account within two business days in GBP denominations. The immediate benefit appears to be the 1% fee settlement charged by BitPay, claimed to be less than what credit cards would cost.

The firm claims to be able to provide airfares, rates and product options not typically available to business consumers because of its network. According to Andy Hegley, UK General Manager, its move to accept Bitcoin is part of its push to continuously push for evolving and pioneering products, as well as an increasing demand from clients to pay in Bitcoin:

“The blockchain industry is growing exponentially and we are excited to be able to offer our clients the ability to pay in bitcoin, whilst having the reassurance of our settlement from BitPay being in pounds sterling. We believe Corporate Traveller is the first business travel management company to offer this payment option to SMEs in the UK.”

BitPay is the world’s leading Bitcoin payment processor and has been a long-term advocate of Bitcoin. It has said that Bitcoin is an “under-pound gorilla” that will one day eclipse all other cryptocurrencies.

 

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