Centric partners with Tourvest Travel Services of South Africa
Centric’s most recent partnership is with Tourvest Travel Services (TTS), the business travel division of South African company Tourvest. TTS will offer corporate clients and associated companies the ability to transact with Centric tokens.
LONDON, September 23, 2021 /PRNewswire-PRWeb/ — Centric Chief Operating Officer Thomas Boucher announced that Centric has partnered with Tourvest Travel Services (TTS), a business travel agency based in South Africa. Centric will help TTS integrate transactions in Centric’s cryptocurrencies, Centric Swap (CNS) and Centric Rise (CNR).
Butcher said, “We are honored that Tourvest Travel Services has chosen Centric as their cryptocurrency partner. We look forward to helping the team with a Centric integration strategy, possibly including our future merchant services solution CenPay. .”
Sholtz Fourie, Chief Financial Officer of TTS, said: “As innovators in the travel space, Tourvest Travel Services was looking to use a cryptocurrency to add to our range of payment options used to transact with our corporate clients and partners. After exploring the options, we came across Centric. We are impressed with Centric’s plan to create a global digital currency and bring much-needed stability to crypto.
Tourvest, the parent company of TTS, began in 1997 by incorporating a number of long-established tourism businesses. They own and operate South Africa largest vacation website, Travel.co.za.
Learn more about Centric – https://www.centric.com
Learn more about Tourvest travel services – https://www.tourvesttravelservices.co.za
Centric was designed with the vision of one day replacing traditional fiat currencies. Blockchain technology will enable a more transparent world and we believe our innovative approach to achieving widespread long-term adoption sets Centric apart from other cryptocurrencies today.
We believe the biggest barrier to mass adoption of cryptocurrencies is price volatility. Cryptocurrencies, unlike fiat currencies, do not have a central bank to implement monetary policy focused on stabilizing purchasing power. Thus, variations in demand induce massive price fluctuations. The decentralized model of price discovery has made most existing cryptocurrencies nothing more than stocks or commodities, priced on psychology, traded on unregulated exchanges and susceptible to manipulation. The lack of price stability has prevented the formation of credit and debt markets as volatility drives a premium.
While the rest of the industry focuses on transaction throughput and smart contracts, we focus on price stability to realize the economic capabilities blockchain enables.
About Tourvest Travel Services
With respected brands and a global infrastructure, Tourvest Travel Services (TTS) is able to provide customized and flexible solutions to meet business travel management needs, whether through traditional operations or more cost-effective e-procurement systems. Sophisticated online travel management tools make it easy to monitor travel policy compliance and provide big data to ensure customers always get the best value for their spend. The constant measurement and monitoring of service levels ensures that the service provided is of the highest standard.
Thomas Boucher, Centric, 1 800 369 3701, [email protected]