on 4 Nov 2021
It is believed this partnership makes AGY the first yachting company in Southeast Asia to offer cryptocurrency payments
Asia Global Yachting has partnered with Thailand’s leading digital asset exchange Bitkub to accept bitcoin and other crypto payments for all services, including sales and charter bookings worldwide.
Asia Global Yachting (AGY) is a new charter, brokerage and new yachts sales service agency, which is based around Thailand, Singapore and Indonesia. The company was co-founded by Nicolas Monges, a veteran organiser of Asia-based yachting events, and Xavier Fabre, who has worked in the Indonesian yacht market for years.
“The partnership with Asia Global Yachting is a great opportunity for our clients to experience the best service and product with cryptocurrencies,” says Atthakrit Chimplapibul, CEO of Bitkub. “Nowadays, digital assets are increasingly expanding to many industries including real estate, clothing, and vehicles. Being in partnership with Asia Global Yachting helps us raise more awareness and also provide another barter trade method for clients. Bitkub is now the market leader in Thailand, according to the exponential increase in trading volume and account openings over the previous year.”
With the ever-expanding growth and reach of cryptocurrency, yacht companies are slowly beginning to embrace alternative forms of payment. It is believed this partnership makes AGY the first yachting company in Southeast Asia to offer cryptocurrency payments.
The 72-metre Azteca superyacht is currently available for sale via Edmiston for Bitcoin-only, with an equivalent price tag of €65 million
READ: Buying boats with bitcoin: Fad or the future?
“Our business is built around our customers and as such, we strive to evolve and pioneer products and services that are tailored to our clients’ needs, both existing and future,” says AGY co-founder Monges. “We recognised the future demand to pay in cryptocurrencies and, after due diligence, we have chosen Bitkub for their reputation and user-friendly platform. We believe AGY is the first yacht company to offer this payment option to direct guests without undergoing third-party processing.”