Coinbase exchange enables Bitcoin payments for the US passport services

Spread the love

Digital currencies are gradually taking the center stage as a viable means of payment globally. The last few months have seen more adoption of crypto payment by several merchants across the world. Government institutions are also not left behind in the rally to become a top player in the ever changing digital market. Now, Coinbase cryptocurrency exchange has partnered with Peninsular Visa for the public to make Bitcoin payments for the U.S. passport services possible which will be the first time for the US passport services.
The partnership means Silicon Valley-based firm Peninsular Visa is now providing support for Bitcoin payments.

Peninsula Visa first to offer support for Visa payment

Based on the announcement, the Coinbase processor can be used to secure the BTC payment too.
In a press release, the Peninsula Visa announced its integration aims to allow Bitcoin payments for some of its services. Within the next year, its customers can access its ‘BTC benefit’ through the Coinbase Commerce platform.
The operating officer of Peninsula Visa, Evan James, has commented on the partnership. He said the collaboration means Peninsula Visa has become the first firm to support BTC payments for the U.S. passport services.
“Never before has anyone been able to pay for a US passport using a digital currency,” he stated.

Bitcoin payment is enabled for only four passport services

James further reiterated that the BTC payment services currently support four types of passport services, but many other services will be supported during the next year.
The services presently supported include, name change, passport renewal, second passport, and second passport renewal.

More crypto adoption in the travel industry

The travel industry has seen rising cryptocurrency adoption, and many more industries in the sector are warming up to its adoption.
Last year, a U.K. online travel agency partnered with Utrust to launch a crypto payment service. Consequently, millions of its customers could pay for flight tickets using Bitcoin and other digital currencies.
On a similar note, a firm based in Bulgaria is going to compensate its customers for delayed or canceled flights using Bitcoin. Other industries such as the food delivery industry are also experiencing a high increase in Bitcoin payment adoption.

Leave a Reply

Your email address will not be published.