Expedia started accepting bitcoin for hotel payments in 2014—but stopped 4 years later. Here's why:
started accepting bitcoin for hotel payments in 2014, and for a long time they were a prime example of mainstream cryptocurrency usage. Unfortunately, this story came to a sad ending when the company decided to stop accepting bitcoin in the summer of 2018.
to the press acknowledging that the company was in a unique position to “Solve travel planning and booking for our customers and partners alike by adopting the latest payment technologies.” Cryptocurrencies in their own inherent nature are unstable. For that reason, Expedia treated bitcoin primarily as an “experiment,” relying on Coinbase to convert bitcoin payments to U.S. dollars, which were thenFast forward to 2018, Coinbase reached a conclusion and suspended custodial solutions for merchants. In effect, this made it a lot more difficult to process bitcoin payments for Expedia, which was when Expedia quietly announced that they would stop using bitcoin.
, “I think there’s too much emphasis on BTC/ETH/whatever ETFs and not enough emphasis on making it easier for people to buy $5 to $100 in cryptocurrency via cards at corner stores.”Cryptocurrencies in their current form are primarily being used as an investment, not as a digital currency.
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