Simpson Marine partners with Bitcashier


Asia’s largest yacht dealer is working with Bitcashier to enable cryptocurrency payment for yachts and charters.


Simpson Marine, Bitcashier, cryptocurrency, blockchain technology, Richard Allen, Giles Whitby-Smith, Bitcoin, BTC, Ethereum, ETH

Simpson Marine


Simpson Marine has announced a partnership with Bitcashier, an innovative cryptocurrency payment platform that can be used for yacht sales and charters. Founded in 2019 and already working with many other yacht brokerage firms, Bitcashier leverages the benefits of digital currencies to streamline transactions with no volatility of price.


By incorporating blockchain technology and catering to the growing demand for digital transactions, Bitcashier ensures secure, efficient, user-friendly and transparent payment processing for both buyers and sellers in the yachting sector.


Richard Allen, Group General Manager at Simpson Marine, said: “We are excited to join forces with Bitcashier and embrace the future of cryptocurrency payments in the yachting industry. This collaboration allows us to offer our clients greater flexibility and convenience, expanding their options for purchasing or chartering a yacht. By being Bitcashier’s first partner in the Asia yachting scene, we are elevating the experience for our clients and staying at the forefront of innovation in our industry.”


Bitcashier’s merchant tools will allow the implementation of crypto payments on the Simpson Marine website. Once a yacht has been selected for purchase, customers will be presented with a list of cryptocurrencies from the range of options supported by Bitcashier, including Bitcoin (BTC) and Ethereum (ETH).


Upon confirming the purchase or charter agreement, the client initiates the payment through Bitcashier’s secure platform. The platform calculates the cryptocurrency exchange rate in real-time and generates a unique payment address for the transaction. Once the payment is verified, Simpson Marine processes the transaction, finalising the sale or charter and the client can then enjoy their newly acquired yacht or charter experience.


Cryptocurrency payments eliminate barriers associated with traditional banking systems, enabling international clients to engage in yacht sales and charters without the limitations of traditional currencies.


Giles Whitby-Smith, CEO of Bitcashier, said: “We are delighted to be chosen as the preferred cryptocurrency solutions partner for Simpson Marine, a highly respected, well-established company with deep roots in the marine industry in Asia Pacific. 


Bitcashier has a growing presence in Asia Pacific and is looking forward to providing the cryptocurrency transactional services to enable Simpson Marine clients to use crypto to buy and charter yachts and services.”