UATP Partners With BitPay to Enable Airlines to Accept Crypto Payments

  • UATP is a global payment network owned and operated by the world’s airlines.
  • By leveraging BitPay’s infrastructure, UATP will enable its airline clients to accept cryptocurrency payments for travel.
airplane in the sky

Shutterstock

UATP, a global payment network owned and operated by the airlines around the world, announced it has partnered with BitPay. According to a press release published on 8 September, UATP will leverage BitPay’s infrastructure to offer its network the ability to accept cryptocurrency payments for travel. 

A recent survey from Pymnts.com showed that travel and leisure were among the top five items purchased with cryptocurrencies. This reportedly prompted UATP to expand its offering and use cryptocurrencies as a way to attract new customers.

Stephen Pair, Co-Founder and CEO of BitPay, said the company’s partnership with UATP will provide airlines with all of the benefits of blockchain technology, without having to handle, hold, or buy cryptocurrencies themselves. It will also enable UATP’s broad network of airlines to reach millions of new customers who choose to pay with cryptocurrencies, as BitPay supports payments through all crypto wallets. 

“The UATP – BitPay partnership brings together the perfect combination of two experts in airline and cryptocurrency payments,” said Ralph Kaiser, the President and CEO of 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.”

Discussion
Related Coverage
PicPay to Launch Crypto Exchange and Stablecoin in Brazil
  • The exchange, which will reportedly launch within a month, plans to initially support Bitcoin, Ethereum, and Pax Dollar.
  • PicPay’s stablecoin pegged to the Brazilian real, called the Brazilian Real Coin (BRC), is expected to launch by the end of the year.
July 12, 2022, 1:09 PM
picpay

Shutterstock

Musk Hints at Crypto Payments on Twitter
  • During a Twitter virtual all hands on deck meeting, billionaire Elon Musk said “it would make sense to integrate payments into Twitter”, including crypto.
  • The CEO of Tesla and SpaceX also noted that his goal for Twitter was to “maximize the usefulness of the service”, and that enabling convenient payments was one way to do it.
Gucci to Accept Crypto Payments in Select U.S. Stores
  • The crypto payment feature will be rolled-out in five Gucci stores, located in New York, Los Angeles, Miami, Atlanta, and Las Vegas, by the end of the month.
  • Gucci plans to accept 12 cryptocurrencies, namely BTC, ETH, wBTC, LTC, SHIB, DOGE, and five dollar-backed stablecoins.