Camper & Nicholsons, the global leader in all luxury yachting activities, specializing in the sale, purchase, charter, marketing, management, and construction, project management and insurance of the finest yachts in the world, today announced the company is accepting cryptocurrency for payment for goods and services from BitPay, the world’s largest provider of Bitcoin and cryptocurrency payment services.
The ability to accept cryptocurrency enables Camper & Nicholsons to attract new customers and sales by tapping the massive crypto marketplace. The 240-year-old company accepts cryptocurrency payments for all of its yacht fleet for sale, charter and all services provided.
“We decided to accept crypto to expand our market, cater to new consumer preferences, and give customers more options, flexibility, and freedom,” said Paolo Casani, CEO at Camper & Nicholsons. “BitPay manages the entire process and makes it easy and safe to receive crypto from the customer and deposits cash into our account.”
Camper & Nicholsons benefits by adding cryptocurrency to its payment options while reducing high fees increasing payment transparency and efficiency. BitPay pioneered blockchain payment processing to enable borderless payments using cryptocurrencies like Bitcoin (BTC), Bitcoin Cash (BCH), Dogecoin (DOGE), Ethereum (ETH), Litecoin (LTC), Shiba Inu (SHIB), Wrapped Bitcoin (WBTC) and 5 USD-pegged stable coins (BUSD, DAI, GUSD, USDC, and USDP). BitPay’s business solutions eliminate transaction fraud, reduce the cost of payment processing, and enable borderless payments in cryptocurrency. Using BitPay, Camper & Nicholsons receives settlement the next business day directly to its bank account in its local fiat currency such as USD or Euros. There is no cryptocurrency price volatility or risk to the company.
“Camper & Nicholsons realizes the potential for crypto to transform the yachting industry, making payments faster, more secure, and less expensive on a global scale,” said Merrick Theobald, Vice President of Marketing at BitPay. “With the total market cap of crypto approaching $2 trillion, Camper & Nicholsons is also now well-positioned to take advantage of this wealth by helping those crypto holders who are looking to purchase luxury items like yacht sales and yacht charters.”
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