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ZoomAway Travel Inc

ZoomAway Travel soars as it launches new payment-processing platform, to include cryptocurrency

It will allow merchants to bill customers by credit card or cryptocurrency

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The crypto space lacks accountability, customer service and clarity, said the firm

ZoomAway Travel Inc (CVE:ZMA), the tech group rapidly embracing blockchain, has launched a new Nevada subsidiary, which will be a payment-processing platform, sending shares soaring.

It will allow merchants to bill customers by credit card, ACH (automated clearinghouse) or cryptocurrency , the company said.

Last week, the hospitality focused firm,  said it would integrate blockchain technology into its systems, including accepting cryptocurrency as payment.

 "While enabling our own e-commerce sites to accept crypto currencies, we were able to identity a real need for merchants that hasn't been adequately addressed," said Tim Berfield, chief technology officer at Zoomaway.

"The crypto space lacks accountability, customer service and clarity. We want to make accepting crypto as seamless as possible for our clients and allow them to see all of their transactions in one place."

Zoomaway chief Sean Schaeffer added:  "As we are adding to our Zoomaway infrastructure, we are continuing to identify new potential revenue streams.

"All the companies that we are forming will operate from the same central tool set. Each of our new entities provides integral pieces to the whole and hopefully will become their own profit centers."

ZoomAway shares are up over 28% at the time  of writing, at C$0.115..

Quick facts: ZoomAway Travel Inc

Price: $0.12

Market: TSX-V
Market Cap: $7.11 m
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