More travel suppliers are starting to accept bitcoin and other cryptocurrencies, as the market grows and tech-savvy future travelers loom on horizon.
For its part, online travel agency giant Expedia stopped directly accepting bitcoin back in 2018, but 700,000 Expedia Group hotels and accommodations have been available via crypto-friendly booking platform Travala.com since 2020.
At self-described "blockchain-based" Travala.com, which accepts payment in its own native AVA altcoin as well 50 other cryptocurrencies, 70% of all bookings are now by digital coin, according to CEO Juan Otero. The firm said it is currently seeing more than $1 million a week in business. "There isn't a single corporate board that makes all the decisions," he said. "Instead, this new home-sharing network is driven entirely by its community through its 'Decentralized Autonomous Organization' that any host or guest can partake in."
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