You can buy electronics and every day goods with Bitcoin. You can order powerful custom PCs with Bitcoin. Heck, you can even pay your satellite TV bill in Bitcoin.
But Bitcoin took yet another stride toward mainstream acceptance on
Wednesday, as Expedia announced that it would start accepting Bitcoin
for hotel reservations, becoming the first major travel agency to
embrace the digital currency.
Like most of the other big-name retailers who accept Bitcoin, Expedia's transactions will be handled by Coinbase rather than managed internally. The travel agency will convert all incoming Bitcoin to cash as it's processed, rather than holding onto the digital dollars.
If you book a hotel using Bitcoin, you'll also receive a refund in Bitcoin if you need to cancel your reservation for any reason. The exact amount of the refund is tied to the U.S. dollar value of the original booking, however, to compensate for Bitcoin's pricing fluctuations. If you book a $400 hotel room using Bitcoin, your refund will also be worth $400, but pegged to that day's Bitcoin exchange rate.
Read more: Expedia to begin accepting Bitcoin for hotel reservations | PCWorld
Like most of the other big-name retailers who accept Bitcoin, Expedia's transactions will be handled by Coinbase rather than managed internally. The travel agency will convert all incoming Bitcoin to cash as it's processed, rather than holding onto the digital dollars.
If you book a hotel using Bitcoin, you'll also receive a refund in Bitcoin if you need to cancel your reservation for any reason. The exact amount of the refund is tied to the U.S. dollar value of the original booking, however, to compensate for Bitcoin's pricing fluctuations. If you book a $400 hotel room using Bitcoin, your refund will also be worth $400, but pegged to that day's Bitcoin exchange rate.
Read more: Expedia to begin accepting Bitcoin for hotel reservations | PCWorld
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