Airlines will be able to start taking payments in bitcoins, after industry payment processor, UATP, signed a new agreement with bitcoin platform Bitnet.
Through the partnership, UATP will offer its network of more than 260 airlines the ability to accept bitcoins as payment.
“We are very happy to be partnering with Bitnet to add bitcoin to our payment platform. We are always looking for skilled partners to bring additional forms of payment to the UATP processing platform and Bitnet fits the bill well,” said Ralph Kaiser, president & CEO of UATP.
Bitnet’s vice president of solutions strategy, Akif Khan, added that the implementation of the bitcoin system would be a “lightweight integration that… leverages existing UATP reporting and refund interfaces”.
UATP (Universal Air Travel Plan) is a global corporate travel payment solution owned and operated by the world’s airlines and accepted by thousands of merchants for air and travel agency payments.