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Luxury: Yacht Builder Camper & Nicholsons Accepts Cryptocurrency

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

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 USD-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 USDs or EURs. There is no cryptocurrency price volatility or risk to the company.

Merrick Theobald, Vice President of Marketing at BitPay, said: “Camper & Nicholsons realizes 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 specializes in the sale, purchase, charter, marketing, management, construction, project management and insurance of superyachts.

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Paul A. Ebeling, a polymath, excels, in diverse fields of knowledge Including Pattern Recognition Analysis in Equities, Commodities and Foreign Exchange, and he is the author of "The Red Roadmaster's Technical Report on the US Major Market Indices, a highly regarded, weekly financial market commentary. He is a philosopher, issuing insights on a wide range of subjects to over a million cohorts. An international audience of opinion makers, business leaders, and global organizations recognize Ebeling as an expert.