Expedia Reported 40% Decline in Bitcoin Transactions
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....
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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....
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....
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....
Washington-based online travel booking giant Expedia announced it would begin accepting bitcoin for payments on 11th June, and in a new interview the company confirms that its first foray into the ecosystem is already a success. Speaking to CoinDesk, Expedia's executive vice president of global product Michael Gulmann declined to release firm figures regarding the total bitcoin sales the company has seen so far, but reported that they have exceeded estimates. Gulmann told CoinDesk: "We did some estimates based on the size of Overstock and the size of Expedia, and came up with our own....
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....