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Expedia Now Accepts Bitcoin

Expedia Now Accepts Bitcoin

Expedia will accept bitcoin for its online hotel bookings, the company announced yesterday.

Travelers choosing the new payment method will be redirected to Coinbase, a digital money exchange, where they will have ten minutes to complete the transaction. How many bitcoins does a hotel cost? At around $640 per bitcoin, a $200 hotel-stay will run 0.32 bitcoins. Coinbase also charges a miniscule "miner fee," worth roughly twelve cents.

Scandals and governmental rulings against the digital coin had earlier placed the crypto-currency's future in doubt. While bitcoin values skyrocketed last November, its since lost nearly half their value.

The news of late has been more positive, with prices stabiliizing somewhat and a growing list of places accepting bitcoin. Expedia's announcement further suggests that the digital money is here to stay.

Peter Schlesinger is a research assistant at Travel + Leisure and a member of the Trip Doctor news team. You can find him on Twitter at @pschles08.


 

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