Click here to enjoy reading YACHT STYLE issue 77

Motoring / Yachts

Yachting Company Camper & Nicholsons Accepts Cryptocurrency

Expanding its mode of payment to cryptocurrency will not only make transactions more seamless, it will also attract a new group customers.

May 11, 2022 | By John Higginson
Camper & Nicholsons
Image: Camper & Nicholsons

Camper & Nicholsons has started accepting cryptocurrencies for payment for goods and services from BitPay, the world’s largest provider of Bitcoin and cryptocurrency payment services. The 240-year-old company says accepting cryptocurrency, such as for charters and yachts for sale, will enable it to attract new customers and purchases by tapping the massive crypto marketplace.

Paolo Casani, CEO of Camper & Nicholsons, said: “We decided to accept crypto to expand our market, cater to new consumer preferences and give customers more options, flexibility, and freedom. BitPay manages the entire process and makes it easy and safe to receive crypto from the customer and deposits cash into our account.”

Benefits of cryptocurrency include the reduction of high fees and an increase in 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 US$-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 US$ or Euros. There is no cryptocurrency price volatility or risk to the company.

Image: Camper & Nicholsons

Merrick Theobald, Vice President of Marketing at BitPay, said: “Camper & Nicholsons realises the potential for crypto to transform the yachting industry, making payments faster, more secure, and less expensive on a global scale. With the total market cap of crypto approaching US$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.”

Camper & Nicholsons specialises in the sale, purchase, charter, marketing, management, construction, project management and insurance of superyachts.

This article first appeared on Yacht Style.

For more yacht reads, click here.

Back to top