Corporate Traveller, a UK-based provider of business travel management services to SMEs, has tapped BitPay to enable its customers pay for business travel bookings using Bitcoin and Bitcoin Cash.

Such payments will settle in the travel management firm’s bank account within two business days.

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BitPay claims that there will not be any price volatility or risk involved.

Users will be charged a fee of 1% for such payments.

The cost is said to be far lower than that charged by credit cards.

Corporate Traveller UK general manager Andy Hegley said: “We identified an increasing demand from our clients for the option to pay in bitcoin for business travel bookings made by our travel consultants.

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“We chose BitPay to manage our merchant processing because they make it easy and handle the entire process of getting the Bitcoin or Bitcoin Cash from the customer and depositing cash into our account.

“The blockchain industry is growing exponentially and we are excited to be able to offer our clients the ability to pay in bitcoin, whilst having the reassurance of our settlement from BitPay being in pounds sterling.”

BitPay, set up in 2011, is backed by Founders Fund, Index Ventures and Aquiline Technology Growth, among others.