Denison: Charter a yacht with cryptocurrency


US-based Denison Yachting takes payment for yacht charter via cryptocurrency. The firm has been offering payment for yachts in cryptocurrency for five years, accepting major cryptocurrencies such as Bitcoin, Ethereum and Dogecoin.

“We need to be present and available to all potential clients in all marketplaces, and if a client wants to pay with Bitcoin, we are positioned to handle the transaction,” said Bob Denison, president, Denison Yachting.

Denison announced the first yacht sale using cryptocurrency in 2016. Then in June 2018, Denison’s first Bitcoin-booked charter was made. Fast forward seven years and the firm has completed more than five bitcoin transactions for yacht sales and yacht charter.

The ability to safely accept various currencies, including cryptocurrency, and distribute these funds in US dollars is a valuable service to clients, said Denison.

Asked whether the currency is safe to pay in, Denison confirms it is. “Many clients prefer the ease of use and privacy that paying with Bitcoin, or any other cryptocurrency, provides. The blockchain network makes payments untraceable, which is an advantage to those who want to keep their travel expenditures private.”