- Luxury yacht brokerage company Yachtzoo announces partnership with crypto payment services provider Bitpay.
- The partnership allows acceptance of crypto payments for buying, selling, and chartering yachts.
- Bitpay only charges 1% transaction fees on yacht deals with Yachtzoo.
The Monaco-based luxury yacht brokerage Yachtzoo disclosed that its company is working with BitPay, the leading cryptocurrency payments company who began modernizing the operations of businesses in 2011.
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Based on the company’s website, the luxury yacht services provider will integrate Bitpay in order for customers to use cryptocurrencies as a payment method. The collaboration allows the customers to buy, sell, and/ or charter yachts using cryptocurrencies. It also brings convenience by reducing high fees, expanding payments transparency, and efficiency.
Bitpay supports Bitcoin (BTC), Bitcoin Cash (BCH), Ethereum (ETH), Dogecoin (DOGE), Litecoin (LTC), Shiba Inu (SHIB), and other top coins. It also supports more than 90 wallets and exchanges, including BitPay, Coinbase, Exodus Wallet, Trust Wallet, Blockchain wallet and more.
As opposed to credit cards which charge 3% transaction fees, Bitpay only charges 1% to accept transactions and yacht deals in Yachtzoo. Transactions via Bitpay’s crypto payments are secured from identity theft and chargeback fraud.
The founding partner of Yachtzoo Darrell Hall said:
“Our job as a luxury yacht brokerage is to make chartering, selling, or acquiring a yacht as flawless as possible. Our partnership with BitPay is another way we make it as easy as possible for our customers.”
DIfferent companies have been adopting the use of crypto payments and have been growing intensively over the decade. As for the yacht companies, many brokerage houses have accepted crypto payments for yacht transactions. One of them was the US-based yacht company Denison Yachting, who introduced crypto as a payment method in 2014.
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