Expedia's Connie Chung: Purchases With Bitcoin Are Down 40%
Despite a decline of approximately 40% in bitcoin purchases, Connie Chung, senior payments product manager at Expedia, says the option to pay with the digital currency will remain as long as there is a demand for it. In interview with CoinDesk, Chung, who helped launch bitcoin payments for Expedia's US website last year, says the decision to accept payments in the cryptocurrency was also a response to demand, and that this is perhaps the most important factor in its selection of payment methods. It was not, she added, about Expedia making a statement or taking a stance on digital....
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Online booking company Expedia was one of the earlier merchants to accept bitcoin transactions on their platform last year but has since noticed a 40% decline recently. According to Connie Chung, senior payments product manager at Expedia, the drop in bitcoin payments may have also been correlated to the decline in prices. Back when Expedia announced its decision to accept bitcoin transactions in 2014, the cryptocurrency had been valued at around $600. As of this writing, bitcoin is trading at less than $300. Bitcoin Transactions Slowdown? Other factors that may have weighed on the use of....
Expedia announced today that it will accept bitcoin payments for hotel bookings. Seems like a lot of big name companies are becoming bitcoin-friendly recently. Dish Network began accepting bitcoin about two weeks ago. Apple reversed its ban on bitcoin apps; and now, one of the biggest online travel sites - Expedia, has announced that it will begin accepting bitcoin for hotel bookings. Why is Expedia Accepting Bitcoin? According to Expedia's vice president - Michael Gulmann, "This is one of those ideas that seemed to have sprung from three different places all at once," and "if we're....
It's mid-July and that means the mercury is rising here at CoinDesk HQ. But that also means we're just under two months away from our awesome event for digital currencies, Consensus 2015. In fact, we're exactly 55 days away from the big bash. So we're putting up limited batch of tickets on sale for 24-hours only. The deal? Tickets are going at two-for-one prices to our readers. We've also added a bunch of awesome new speakers including: A co-founder of Visa's new innovation labs in Europe, Hendrik Kleinsmeade. MasterCard's point-man for global NGOs and new payment tech for financial....
Expedia accepts bitcoin for hotel reservations, becoming the first major travel company to accept payments in cryptocurrency. Perfect for the beginning of the travel season and the world cup! Expedia remarked in a press release announcing the move into the bitcoin ecosystem: [quote]“Bitcoin is a great example of how Expedia is investing early in an array of payment options to give our customers and partners more choice in the ways they interact with us” [/quote] Expedia said bitcoin will be integrated into the payment options for customers at check-out, sitting alongside payment methods....
This article has been updated with comment from an Expedia spokesperson. Travel bookings giant Expedia will start accepting bitcoin for hotel reservations, becoming the first major travel company to accept payments in cryptocurrency. "Bitcoin is a great example of how Expedia is investing early in an array of payment options to give our customers and partners more choice in the ways they interact with us," the company said in a press release announcing the move. Expedia said bitcoin will be integrated into the payment options for customers at check-out, sitting alongside payment methods....