/
Close
Newsletters  | Mobile

Expedia Now Accepts Bitcoin

201401-hd-bitcoin-newsjpg

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.

Photo credit: Jens Kalaene/dpa/Corbis


 

Advertisement

Sign Up


Connect With Travel + Leisure
  • Travel+Leisure
  • Tablet
  • Available devices

Already a subscriber?
Get FREE ACCESS to the digital edition


Advertisement


Advertisement

Advertisement

Marketplace