Topic: Expedia, world's largest travel company, now accepts Bitcoin. Your thoughts? - page 4. (Read 3304 times)

Noice!

http://www.washingtonpost.com/blogs/the-switch/wp/2014/06/11/expedia-wants-you-to-book-your-next-hotel-stay-with-bitcoin/

"Adopting support for bitcoin transactions is relatively straightforward. Both Expedia and Dish Network have contracted with Coinbase, one of the top payment processors in the virtual currency universe. When a user commits to a hotel reservation and wants to pay, Expedia will hand the user off to Coinbase's Web site, where the customer will log into her personal bitcoin wallet and authorize the transaction. (This should sound familiar to anyone who's used PayPal to buy goods and services online.) Coinbase then automatically converts the bitcoins into dollars and boom, the payment is complete.

Expedia was able to execute on this idea in a matter of months, according to Gulmann, who added that the costs of implementation were "not that big.

To understand why this isn't a gimmick and it actually makes sense for all kinds of businesses, we have to talk about fees. Over the long run, Expedia, Dish and other companies stand to save a lot of money by taking payments in Bitcoin. That's because the transaction fees levied by credit card companies on merchants are in some cases more than double what a comparable bitcoin processer might charge. For example, Visa charges merchants as much as 2.95 percent per transaction. Coinbase charges just 1 percent — and the fees kick in only after a merchant has done more than $1 million per month in business."

4 billion in revenue.

http://en.m.wikipedia.org/wiki/Expedia,_Inc
http://www.expediainc.com/about/

Seems to be only growing as well. Up nearly 19% first quarter: http://www.foxbusiness.com/industries/2014/05/01/expedia-revenue-rises-on-bookings-growth/


Thanks. I hope so too.

Nou sure what their revenue is, but personally I think it's a huge step indeed. Nice move from expedia.

Awesome goal! I hope you do it

I will definitely use this. Often.

Wow, that is great news, and yeah, I think it's probably a bigger deal than Overstock. I'd never actually even heard of them until they started accepting Bitcoin, but Expedia is pretty huge. One of my goals is to be able to travel the world on Bitcoin so this is another step in the right direction.

I think it is awesome! I hope they have some big banners that declare we now take bitcoin. Nothing like good media from a decent company.


:Edit I just checked the site, no bitcoin payment option as of yet or I missed it

https://twitter.com/CoinBuzz/status/476702843890434048

What do you guys think about this? Do you think it will affect the BTC price?

I personally believe this is even better than when Overstock started to take BTC.