Utrust, the popular platform that facilitates digital payments for e-commerce businesses, has broadcasted the news about its collaboration with the online flight search solution, Alternative Airlines. This strategic partnership between the two leading entities will foster digital payment acceptance by over 600 airlines being supported by the search platform.
According to the official announcement, the Alternative Airlines’ customers will get the opportunity to purchase their flight tickets to any corner of the world in a convenient manner using highly reputed virtual currencies like Utrust’s native coin UTK, Bitcoin (BTC), Ethereum (ETH), DASH, DigiByte (DGB), etc. Utrust will now render the Alternative Airlines network to settle payments directly in the bank in the fiat form on the exact day they are being received.
Nuno Correia, who serves as the CEO of Utrust, stated that
Utrust is providing Alternative Airlines’ customers with the increased security and convenience of cryptocurrency payments, and reducing processing fees, to bring greater transparency and trust to the world of online payments.
The team-up of Utrust with Alternative Airlines indicates that the travelers will be able to pay easily for competitively charged flight tickets across renowned airlines like American Airlines, Delta Air Lines, Southwest Airlines, United Airlines, Ryanair, and China Southern Airlines.
While talking about the collaboration Sam Argyle, managing Director of Alternative Airlines, quoted that
At Alternative Airlines, we are dedicated to providing a seamless transaction process, while empowering our customers to choose how they want to pay. Alternativeairlines.com is a single platform for travellers to easily search and book flights on over 600 airlines. Our customers can currently choose from over 25 payment methods—including all major debit cards and payment plans from all the best-known global providers—as well as over 160 localised currencies.
Utrust platform is striving to boost the Online Travel Agency (OTA) market through its revolutionary tactics and projects. Traditional payment systems offer to take a major portion of 3 to 7% of the revenues from the agencies, thereby reducing their profits. Also, during the settlement of currencies, there is a loss of profit for an OTA firm due to forex expenses. Utrust aims to increase the profits by facilitating quick cross border transactions, security to buyers, and conversion of crypto to cash with a mere 1% transaction fee.