Revolutionising the way customers can pay for their journeys, Enfield-based company 247 Airport Transfer gives insight into their pioneering scheme to accept cryptocurrency.
Digital currency, known as cryptocurrency, has made regular headlines in the last few months because of its unexpected surges in value and as time passes it’s becoming a more talked about and known subject to the public.
At the moment, there are only a few companies that accept cryptocurrency as payment for goods and services. The fact that their values have been on a wild ride of volatility has meant that businesses and large companies refuse to include cryptocurrency on the payment method list. There are also tax implications to be considered.
Despite all that, 247 Airport Transfer’s chairman, Ionel Tanasa, declared: “In my perspective, cryptocurrency can be the future of all transactions. A lot of people are investing their money in digital currencies, so it makes sense to offer them the opportunity to pay their airport transfers using this method.”
With at least seven years of experience as a professional minicab provider, 247 Airport Transfer prides itself on being the first transport company in the United Kingdom to accept payments in Bitcoins and TravelFlex coins.
International travellers who have to deal with multiple currencies and the burden of exchange rates will be relieved to find out that at least in London they can pay for their transport services in a simple, safe manner, with no bank fees. Customers who are still sceptical can still pay by cash, credit/debit card, bank transfer or by PayPal.
Accepting cryptocurrency is a risky step which the company is willing to take because it’s growing in popularity and it’s what their clients want.
247 Airport Transfer’s marketing specialist Florentina Gilca told PHTM: “We decided to accept cryptocurrency as an alternative payment method because we want to offer diversity to our clients. Lately a lot of people, our clients included, have embraced cryptocurrencies; it’s a safe and fast way to pay their travel expenses. The majority of our customers are from abroad; that’s why we believe accepting this payment method will help them avoid a lot of expensive transaction fees – and no more exchange rates!
“One step at a time – cryptocurrency will surely take over a lot of financial transactions and we want to be part of the change.”