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Bitcoin The Almighty Buck

Expedia To Accept Bitcoin 87

Posted by timothy
from the only-stability-is-volatility dept.
An anonymous reader writes With the debacle of Mt. GoX, Bitcoin's future was looking a little murky. But in a significant mainline acceptance, Expedia has said they will begin accepting Bitcoins as a form of payment. At first, they will accept it for hotel bookings only, will accept it only in USA, and also will not be holding Bitcoins for any length of time — converting it to dollars as soon as they can. But, quoting Emily Spaven, managing editor of Bitcoin news site CoinDesk, as told to the BBC, the move was "brilliant news" and it "brings digital currency further into the consciousness of the mainstream." So you can't quite fly to Galt's Gulch to your newly Bitcoiin-purchased real estate without switching currencies.
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Expedia To Accept Bitcoin

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  • by BitZtream (692029) on Saturday June 14, 2014 @06:53PM (#47238227)

    and it's unnecessarily high transaction costs. [bitcoin.org]

    Which is naive at best and ignores the fact that its only 'free' on the bitcoin network now for ancillary reasons that will go away. As time goes on, the same fees will be syphoned off bitcoin transactions as well if it continues.

    Its really silly to think that processors aren't going to their as much extra as they can.

    BitCoin is MORE expensive to actually process than a CC transaction, and it gets WORSE over time. Processing fees aren't there because of the cost, they are there because they CAN charge extra to deal with a trusted processor. As popularity grows, so will fees.

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