Universal Air Travel Plan (UATP), a all-around acquittal band-aid for the airline industry, announces it had partnered with Bitnet as a acquittal processor in adjustment to acquire Bitcoin payments.
UATP, a acquittal arrangement a endemic by 30 airline companies and operating for the account of the all-around airline industry, announces today it now offers its arrangement of 260 airline companies, the adeptness to acquire payments in the agenda currency.
“We are actual blessed to be partnering with Bitnet to add Bitcoin to our acquittal platform,” said Ralph Kaiser, admiral and CEO of UATP. “We are consistently attractive for accomplished ally to accompany added forms of acquittal to the UATP processing belvedere and Bitnet fits the bill well.”
Bitnet, a all-around acquittal administration belvedere for agenda bill based in Belfast, UK, with added offices in Europe and the San Francisco Bay Area, will be processing Bitcoin payments for UATP.
“Bitnet and UATP allotment the aforementioned mission of blurred transaction costs and artifice accident for their clients,” said Akif Khan, Vice Admiral of Solutions Strategy at Bitnet.
“Partnering with UATP was an accessible best for Bitnet. Our affiliation will accomplish it easier for UATP’s affiliate airlines to acquire payments in Bitcoin via a failing affiliation that avoids appulse to after systems and leverages absolute UATP advertisement and acquittance interfaces.”
Founded in 2014, Bitnet is staffed by acquittal processing and banking technology area experts. Founders John McDonnell and Stephen Mc Namara acquire 40 years of accumulated acquaintance as associates of the chief controlling aggregation at CyberSource, a payments aperture acquired by Visa in 2010 for US$2 billion.
In aboriginal October 2014, the aggregation assured a affiliation with adaptable software provider Acromobile, enabling merchants application Acromobile Payments to acquire affairs in Bitcoin.
Later that month, Bitnet appear it had aloft US$14 actor in a Series A allotment annular led by Highland Capital Partners.
UATP claims to accommodate a “true low-cost” another to big-ticket acclaim agenda and merchant account fees and is consistently attractive to alter its artefact offerings.
UATP’s another anatomy of acquittal processing action has been aing airlines to online acquittal brands such as Alipay, Cash-Ticket, eNett International, Giropay, PayPal, SafetyPay, SVS, Ukash, Wirecard, and best afresh Bitcoin.
As of today, UATP accounts are issued by 30 airline companies, including Aeromexico, Air New Zealand, American Airlines, Austrian Airlines, China Eastern Airlines, Delta Air Lines, EL AL Israel Airlines, Etihad Airways, GOL Linhas aereas inteligentes S.A., Hahn Air, Japan Airlines, Lufthansa German Airlines, Malaysia Airlines, Qantas Airways, Shandong Airlines, United Airlines, and US Airways.
The aggregation claims it had candy over US$14 billion in allegation aggregate in 2014, which translates to acquirement and amount abstention to the industry of over US$350 million.
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