55m M/Y Loon now accepts cryptocurrency as a form of payment for charter bookings

The most popular charter yacht in the Bahamas is heading to Europe in 2022 for her first Mediterranean charter season. Well noted for embracing new ideas, now M/Y Loon accepts cryptocurrency, and is the first superyacht to announce they accept forms of payment such as Bitcoin for charter bookings. Including bookings during the Monaco Grand Prix this May, with the trackside berth they have secured in Port Hercules.

55m M/Y Loon accepts cryptocurrency for 2022
M/Y Loon

Captain Paul Clarke of Motor Yacht Loon shared: 

“We believe Bitcoin is the future of global currency. Forward-thinking and welcoming new ideas has always been a strong part of Loons’ ethos. Accepting Bitcoin fits perfectly with these principles and supports inclusivity, especially for the younger generation of charter guests who are often more comfortable with a decentralised currency such as Bitcoin. Cryptocurrency expands borders, Loon is expanding her horizons with the upcoming trip to Europe, and we look forward to inviting a new wave of charter guests on board.” 

Particularly popular with American charterers Loon regularly usually welcomes high-profile guests to explore the Bahamas and Caribbean. This year the 55m Newcastle 5500 series will be chartering Europe from May until October. Although much of the summer season is already booked, Loon has just released dates for the Monaco Grand Prix, Cannes Film Festival, and two other weeks mid-season. 

FAQ With the Captain of M/Y LOON, Paul Clarke:

1. What cryptocurrencies does M/Y Loon accept?

We currently accept bitcoin and are open to other cryptocurrencies such as ETH, BCH, DOGE, XRP, etc. However, we would have to review each individual coin offered to make a decision on its value.

2. Many still deem Cryptocurrency as being “Volatile”, how will you go about managing this?

We don’t see any major drawbacks. It’s really just a way to increase our exposure to more clients. As well as, to make it easy for Crypto Whales to charter M/Y Loon without having to sell their Crypto into currency to pay for the charter.

3. Will the whole management of the yacht now be dealt with through cryptocurrency, Ie crew salaries etc?

We will continue to operate the yacht in the usual way, with the additional factor of adding crypto as an additional currency for charter bookings.

4. Who decides to accept crypto? The yacht owner, or the management company?

The decision was made by our owner. Inclusivity is really important to all of us and accepting crypto is another way to expand on this.

With the official @motoryachtloon Instagram account holding more followers than any other Superyacht globally, and Loon crowned the most Instagrammed superyacht to date, the social media platform is the best place to keep up-to-date with everything Loon including the itineraries planned for this summer, charter availability, and insight into all the luxurious amenities onboard. 

Refitted in 2020 this remarkable charter yacht features stabilisers both at anchor and underway. Her sophisticated exterior design and engineering are the work of Murray & Associates, with the lavish interior designed by Claudette Bonville.  The 55 M/Y Loon has an abundance of outside space designed for maximum comfort and appreciation of the extraordinary destinations and Superyacht events. 

Each exceptional superyacht charter is complimented by exquisite world cuisine and an onboard videographer who films and curates a custom video documenting the guest’s experiences both onboard, and whilst out adventuring.

This dedicated crew will soon be sailing for Europe and look forward to an exceptional summer season in the Mediterranean. 


For charter enquiries please email info@yachtloon.com, contact your preferred charter broker or message the yacht via their @motoryachtloon profile on Instagram, or www.yachtloon.com

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