Business Insights: Cryptocurrency payments being accepted for luxury holidays

Technology and innovation change the face of our industry daily and at a speed of pace which is sometimes difficult to keep up with. What does not change is the need to keep the customer and the experience at the heart of everything.

According to a recent report produced by the experiential travel and yachting company Pelorus, have recently announced that they are now accepting cryptocurrency payments in Bitcoin, Ethereum, USD Coin & USD Tether. As an early adopter of this technology in the travel sphere, Pelorus hopes to enable its highly international client base to make payments from wherever they are in a matter of moments, without incurring bank or currency exchange fees or waiting days for the funds to clear to secure that life-enhancing or bespoke experience.

Pelorus’ crypto payment gateway will enable clients who are heavily invested into crypto assets to secure their bookings without having to convert to traditional currencies, allowing significantly quicker processing times and reduced transactions fees.

Pelorus can now send clients a simple payment link via email or Whatsapp to complete their booking. All transactions will undergo extensive anti-money laundering screening to assess the level of risk associated with each crypto asset received. If the asset has been unlawfully obtained, the assets with be returned and another payment method requested.

Jonathan Wood, Chief Commercial Officer “HAYVN’s Business Solutions enable businesses such as Pelorus to receive cryptocurrency payments from anywhere in the world in a matter of seconds. Allowing clients to pay using cryptocurrency opens up a new market for global luxury travel and experiences. Welcome to the new economy.”

Geordie Mackay-Lewis, Co-Founder and CEO of Pelorus comments “We are excited to be launching crypto currency solutions for our clients, which is very much in line with our customer journey and Web3 strategy. Together with HAYVN, this allows our clients to pay for travel and yacht services seamlessly, without having to convert to fiat first”.

It is interesting times to say the least and it will be interesting to note how much of the industry follows suit and how long it takes for all to potentially adopt this “new economy”.