ATS Travel and Payhound, a provider of fully regulated cryptocurrency payment solutions, announced an agreement that will allow ATS Travel to accept cryptocurrency for all its services. This development represents a significant advancement in the travel sector of the Middle East, positioning ATS Travel as the first major travel management company in the region to embrace cryptocurrency for both corporate and leisure travel transactions.
Through this partnership, ATS Travel’s clientele—many of whom are affluent individuals from various parts of the Middle East—will gain the ability to pay for an extensive array of travel services, including airline tickets, luxury travel experiences, holiday packages, and MICE (Meetings, Incentives, Exhibitions, and Events) services, using leading cryptocurrencies such as Bitcoin, Ethereum, and others. This initiative is expected to revolutionize the travel industry and underscores the region’s increasing interest in digital currencies and blockchain technology.