Experiential travel and yachting company, Pelorus, has announced it is now accepting cryptocurrency payments for overseas adventures. Jenny Southan reports
As we predicted in one of our early editions of our premium newsletter VOLT last year, Crypto Trips are becoming a reality as increasing numbers of people want to spend their Bitcoin, Ethereum and other digital currencies on real-world goods and experiences.
Ever the innovator, Pelorus has now announced it is leading the way in this space by enabling trip payments to be made with Bitcoin, Ethereum, USD Coin and USD Tether through a partnership with Hayvn.
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.
The 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 for Hayvn, says: “Our 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, says: “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”.