Yacht Bookings, an industry pioneer and a leading platform for charters, today, announced that it will accept crypto payments through TripleA, a licensed payment gateway.
With a growing demand for cryptocurrency investments and a huge potential for cryptocurrency transactions in the luxury sector, Yacht Bookings is the first luxury charter platform in Singapore to offer customers an option to fund their bookings via their crypto investments.
High-net-worth individuals are no strangers to crypto investments with 56% expressing their interests in crypto. In the world of luxury, 85% of millennials drive the global luxury sales growth and also make up 58% of the crypto population. With significant life milestones and corporate events, it’s likely that this generation is keen on funding their celebrations using crypto investments as users seek more ways to spend their crypto.
“With South East Asia on track to be one of the leading adopters of crypto, we’re proud to be the first luxury yacht charter platform in Singapore to offer crypto payments to our customers”, said Kiran Sujanani, CEO, Yacht Bookings. ”Our customers can now add Yacht Bookings to their list of crypto-friendly choices to fund their celebrations”, she added.
According to Chainalysis, crypto transactions in Asia alone surged to 706% in 2021 and make up 14% of the global transaction value. With operations in South East Asia, Yacht Bookings caters to a large segment of consumers who seek luxury. Adding crypto as one of the payment options, the platform expects to not only see an increase in demand from current customers but also attract potential customers who are seeking new avenues to spend their crypto investments.
“We’ve seen a significant increase in movement in the luxury space, with renowned fashion brands and travel companies diving into the opportunities of crypto. TripleA is ecstatic to partner with Yacht Bookings in providing consumers with the opportunity to charter yachts using crypto. Being the first yacht charter company in Singapore to offer crypto payments, we believe Yacht Bookings’ decision to cater to the crypto market is the beginning of a grand journey,” said Eric Barbier, CEO of TripleA.
TripleA helps businesses increase their revenue by enabling crypto payments and payouts, leveraging on the fast-growing 300m+ people using cryptocurrencies.
With its white-label, easy setup, instant confirmation, locked-in exchange rate, real-time fiat conversion, and no chargeback crypto payment solution, TripleA meets the needs of e-commerce merchants, retailers, game providers, PSPs, fintech, and marketplaces.
TripleA was founded in Singapore in 2017 by Eric Barbier, a repeat entrepreneur in FinTech. The company is licensed by MAS, the Monetary Authority of Singapore (Singapore’s Central Bank), allowing partners to operate in a fully compliant and regulated environment.
About Yacht Bookings
Founded by Kiran Sujanani in 2006, Yacht Bookings is one of the pioneers in the Singapore charter industry. With more than 50 luxury yachts in its fleet, Yacht Bookings is the one-stop-destination for all customized experiences at sea, whether it is in the oceanic isles of Singapore, Myanmar, Malaysia or the scenic islands of Indonesia and Thailand.
From Super yachts to Catamarans to Classics, Yacht Bookings offers a line-up that suits every occasion and budget. Not only that, customers can also seek expert advice on which yacht to charter for their individual yachting needs, enjoy exemplary service and look forward to their memorable sail aboard.
Having been in the yachting industry for over a decade, Yacht Bookings has worked with leading multinationals, corporates and private customers, making it the preferred choice for luxury yacht chartering.