Peninsula Visa now accepts Bitcoin as payment method
The visa and passport processing company will allow its users to pay for services using Bitcoin
Peninsula Visa, based in San Jose, officially announced that it would present Bitcoin as a payment method for its services. The addition of Bitcoin as a payment method will speed up the process of obtaining a US passport.
Users will be able to obtain passports within one month. The company noted that Bitcoin would be accepted in selected passport services. The payment feature is supported by Coinbase Commerce.
„Offering travellers the ability to pay via Bitcoin seems to be the right move at the right time,“ said the company’s COO, Evan James. James added that he was looking forward to seeing travel and other transport activities returning to normal soon.
Most US State Department passport agencies Profit Revolution app have been affected by the coronavirus pandemic. This was because many government offices closed from March onwards. The interruption of the normal routine resulted in delays and inconvenience in passport processing.
The LA Times reported an accumulation of about one million passports at the end of September. This, however, changed as many agencies began opening with several State Department offices back in operation.
On November 3, the agency released a statement that standard applications would take between 10 and 12 weeks. The process of streamlining passports, on the other hand, would take between four and six weeks. Before the coronavirus pandemic, the processing of the passport would take one week.
The addition of Bitcoin as a payment method is a step in the right direction, considering that few government agencies have embraced the idea. In the past, private entities have shown their willingness to adopt crypto forms of payment – something that has not been witnessed on the government side.