Airlines to accept Bitcoins more easily following deal

Airlines to accept Bitcoins more easily following deal

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UATP, the low cost payment network privately owned by the world’s airlines, has teamed up with Bitnet as a payment processing partner.

This will allow UATP to offer its network of over 260 airlines the ability to accept bitcoin payments in a simplified manner.

Ralph Kaiser, president and chief executive of UATP, said: “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.”

Akif Khan, vice president of solutions strategy at Bitnet, added: “Partnering with UATP was an obvious choice for Bitnet. Our partnership will make it easier for UATP’s member airlines to accept payments in bitcoin via a lightweight integration that avoids impact to downstream systems and leverages existing UATP reporting and refund interfaces.”

Bitnet’s team gained over a decade of experience of airline payment and fraud management systems while at CyberSource and Visa Inc, which helped to design the Bitnet platform.

UATP accounts are accepted worldwide by a wide range of airline and travel agency merchants as a form of payment for corporate business travel.

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