Expedia Starts Accepting Bitcoin for Hotel Bookings - page 2.

RodeoX

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The revolution will be monetized!

Quote from: d2dtk on June 18, 2014, 03:42:33 AM

I never heard of Google flights. They need to get on the ball like Expedia and accept my btc!

You should check it out. It's amazing. However they do not sell tickets. They do what Google does best, they just show where the best price is.

https://www.google.com/flights/

d2dtk

hero member

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I never heard of Google flights. They need to get on the ball like Expedia and accept my btc!

RodeoX

legendary

Activity: 3066

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The revolution will be monetized!

Quote from: skivrmt on June 17, 2014, 03:27:14 PM

Quote from: RodeoX on June 17, 2014, 02:01:33 PM

I'm buying some tickets for the mid-east (Jordan) later this week, maybe I'll try these guys out and see what kind of price I can get?

QUOTE FROM BELOW:

Quote from: gentlemand on June 17, 2014, 02:05:11 PM

I think it's hotels only for now.

Aww, that's the least useful part of their service. Undecided

It's basically the only part they make money on. I think they -might- get $5 per plane ticket, some none. Same with car rentals. Hotels they have deals with the sites to get a nice spread on -some- of the hotels, some no spread whatsoever. Thin margin business for sure.

Ah, that makes sense. Frankly, since google flights I never use anything else for air tickets. I consistently find crazy low prices via google flights.

skivrmt

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Quote from: RodeoX on June 17, 2014, 02:01:33 PM

I'm buying some tickets for the mid-east (Jordan) later this week, maybe I'll try these guys out and see what kind of price I can get?

QUOTE FROM BELOW:

Quote from: gentlemand on June 17, 2014, 02:05:11 PM

I think it's hotels only for now.

Aww, that's the least useful part of their service. Undecided

It's basically the only part they make money on. I think they -might- get $5 per plane ticket, some none. Same with car rentals. Hotels they have deals with the sites to get a nice spread on -some- of the hotels, some no spread whatsoever. Thin margin business for sure.

gentlemand

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Welt Am Draht

I think it's hotels only for now.

RodeoX

legendary

Activity: 3066

Merit: 1147

The revolution will be monetized!

I'm buying some tickets for the mid-east (Jordan) later this week, maybe I'll try these guys out and see what kind of price I can get?

QUOTE FROM BELOW:

Quote from: gentlemand on June 17, 2014, 02:05:11 PM

I think it's hotels only for now.

Aww, that's the least useful part of their service. Undecided

scarsbergholden

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Quote from: d2dtk on June 17, 2014, 01:43:41 PM

If Expedia is smart and a tad risky they would hold those coins and profit from it later on down the road.

No way is any company of scale going to keep 100%, and I'd be surprised at > 1%. BTC economy is tiny, and these companies have real fiat overhead to be concerned with. They are not investors, IMO.

d2dtk

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If Expedia is smart and a tad risky they would hold those coins and profit from it later on down the road.

NapoleonBonaparte

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Quote from: scarsbergholden on June 17, 2014, 12:05:29 AM

I can't imagine but a relatively small team is involved with the bitcoin process (from Expedia). Don't they process through Bitpay or something?

Have to be either bitpay or coinbase.

am

newbie

Activity: 23

Merit: 0

This reminds me of how travel became the first real category (excluding media) where folks were willing to use the Internet to pay for something tangible. It could definitely have a positive effect on the adoption but then again, we will need to wait for others to follow suit before we can judge.

scarsbergholden

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I can't imagine but a relatively small team is involved with the bitcoin process (from Expedia). Don't they process through Bitpay or something?

ShakyhandsBTCer

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It's Money 2.0| It’s gold for nerds | It's Bitcoin

Quote from: d2dtk on June 16, 2014, 09:45:38 PM

Quote from: ShakyhandsBTCer on June 16, 2014, 06:37:19 PM

Quote from: DannyElfman on June 16, 2014, 01:53:07 PM

Seems to not have boosted the price. I hope not too many people start booking vacations on Expedia and it starts suppressing the price...

When companies accept bitcoin they will often sell the bitcoin in exchange for fiat as they must pay most of their bill in fiat.

Expedia must hire (or use existing) employees to manage the bitcoin process, monitoring sales, selling the bitcoin to pay it's fiat bills, explaining how the process works to customers, ect.

These employees will see how well bitcoin works in general and would possible become adapters of bitcoin themselves.

I didn't even think about the individuals within the company that would could potentially be new players just because of their companies choice to accept BTC. Nice pointing that out Grin

Why thank you. Although this would be a relatively small number of people, I would think that anyone at the company that deals with the bitcoin side of things would almost certainly be at the very least get interested in Bitcoin

d2dtk

hero member

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Quote from: ShakyhandsBTCer on June 16, 2014, 06:37:19 PM

Quote from: DannyElfman on June 16, 2014, 01:53:07 PM

Seems to not have boosted the price. I hope not too many people start booking vacations on Expedia and it starts suppressing the price...

When companies accept bitcoin they will often sell the bitcoin in exchange for fiat as they must pay most of their bill in fiat.

Expedia must hire (or use existing) employees to manage the bitcoin process, monitoring sales, selling the bitcoin to pay it's fiat bills, explaining how the process works to customers, ect.

These employees will see how well bitcoin works in general and would possible become adapters of bitcoin themselves.

I didn't even think about the individuals within the company that would could potentially be new players just because of their companies choice to accept BTC. Nice pointing that out Grin

ShakyhandsBTCer

sr. member

Activity: 448

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It's Money 2.0| It’s gold for nerds | It's Bitcoin

Quote from: DannyElfman on June 16, 2014, 01:53:07 PM

Seems to not have boosted the price. I hope not too many people start booking vacations on Expedia and it starts suppressing the price...

When companies accept bitcoin they will often sell the bitcoin in exchange for fiat as they must pay most of their bill in fiat.

Expedia must hire (or use existing) employees to manage the bitcoin process, monitoring sales, selling the bitcoin to pay it's fiat bills, explaining how the process works to customers, ect.

These employees will see how well bitcoin works in general and would possible become adapters of bitcoin themselves.

skivrmt

hero member

Activity: 994

Merit: 501

Quote from: DannyElfman on June 16, 2014, 01:53:07 PM

Seems to not have boosted the price. I hope not too many people start booking vacations on Expedia and it starts suppressing the price...

As a few others have pointed out, its not about this news will or will not effect the short term price of Bitcoin, its about Bitcoin, albeit slowly, getting more and more mainstream companies to accept it as payment. Overstock was a good start because they are $350MM publicly traded stock. Dish was another nice announcement (especially if AT&T buys them). Now Expedia is another major publicly traded stock valued at nearly $10 Billion that will start accepting Bitcoin. Wider acceptance is what we want Bitcoin to do right now. Price increase will follow, not immediately, but eventually.

DannyElfman

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Seems to not have boosted the price. I hope not too many people start booking vacations on Expedia and it starts suppressing the price...

Nerazzura

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good choice expedia, i'm sure i book hotel room using bitcoin with them
since i don't use credit card, bitcoin is really good solution
by the way, which bitcoin exchange prices do they referred?

Quote from: d2dtk on June 13, 2014, 12:04:55 AM

I think the news will pick this up and thus will bring more users seeking to use/understand bitcoin and jump on the train before it leaves the station. Maybe by the end of the month btc will be in the 700's

yeah i hope so, $700 is good price for bitcoin Grin

logger

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Yet another big company accepting Bitcoin. This is looking good.

transient858

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Just a matter of time before more merchant accepting bitcoin.

ShakyhandsBTCer

sr. member

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It's Money 2.0| It’s gold for nerds | It's Bitcoin

Quote from: leezay on June 15, 2014, 06:00:46 PM

Quote from: ShakyhandsBTCer on June 13, 2014, 05:46:56 PM

Quote from: hodap on June 13, 2014, 03:37:47 PM

Quote from: CEG5952 on June 13, 2014, 01:53:37 PM

In regards to the poll, it seems we've dropped below even the lowest estimate. Goes to show you the unrealistic expectations piled onto this kind of news.

Exactly. People holding bitcoin is gambling right now.

The price of bitcoin often can have very wild swings.

This is still a very short time period to be looking at the price of bitcoin.

The poll is really geared towards the longer term price.

No one can tell what happen tomorrow let alone long term trend of bitcoin.

This is true but you can look at the current situation to help get a good idea

Topic: Expedia Starts Accepting Bitcoin for Hotel Bookings - page 2. (Read 4812 times)