Major Airline & Travel Booking Website No Longer Accepts Bitcoin.. But Why?
One of the Major travel website, Expedia.com, has just recently stopped accepting any payment made in Bitcoin as one of the payment methods for booking flights or even hotels. It is according to Expedia as they reported this to Cointelegraph on 27th of June.
A spokesperson from the company confirmed that the services they are offering would no longer accept payments made in the digital currency of Bitcoin, it is starting from June 10 of this year. But the service did not comment further on the reason for the cancelation of the service on their website or even the social media platforms.
Discussions Of Alternative Booking Platforms
With the new changes taking place some members of the community took the matter to Reddit in order to express their views on the latest news. As a result, there were some suggestions of alternative platforms to be used in booking flights and hotel like CheapAir travel service. A platform that recently started accepting the payment of Bitcoins for hotel and flight bookings back in 2013.
The bowiestar a Reddit user noted that a majority of the employees who are in the IT industry mostly get their salaries in crypto coins. Thus, this implies that over time the service will lose some of its esteemed customers.
Expedia.com has been considered as one of the most significant sites that you could use to book your hotels and flights and the fact you could pay in Bitcoins made things easier. Especially so for the individuals who work in the I.T industry.
As it was reported early this year by Cointelegraph, the crypto market experiences extreme volatility, but this does not seem to scare the industry insiders in taking part in payment of services through the crypto coin. As a result, some would even prefer to get their salaries paid in Bitcoin.
A Little History
In 2014 is when Expedia first announced that it would be getting payments through the crypto-coin, it was around the time that had just teamed up with the reading crypto exchange in the market, Coinbase. But some of the community members are actually stating they stopped accepting the payments through Bitcoin because of some of the decisions that the Coinbase platform made.
Coinbase decided to suspend the custodial solutions for the merchants. As a result, this made the payment of Bitcoins a little difficult. It is the same reason that CheapAir switched from the Coinbase platform to BitPay. To ensure they were still providing the crypto-coin payment options to their esteemed partners and also customers, something that Expedia should have opted to do instead of stopping the service altogether.