Bitcoin: Now Usable for Hotel Bookings on Big Travel Site Expedia

As Bitcoin's prices rise again, the always-on-the-verge-of-death yet very resilient stateless, non-inflationary crypto-currency continues to find new acceptance.

The latest, from The Wall Street Journal:

Expedia, the big online travel site, announced on Wednesday it will begin accepting bitcoin for hotel bookings through its website, becoming the first major travel-agency to take the digital currency. If the reception is good, the company said it expects to bring bitcoin to its other service lines as well.

“This is one of those ideas that seemed to have sprung from three different places all at once,” said Michael Gulmann, Expedia’s vice president of global product, explaining how the company arrived at the decision. The company’s engineers were starting to think about bitcoin, and the company’s product and business developers were as well, he explained. They also were hearing from customers.

The company is starting with hotels essentially as a test of the system, he explained. “We want to start at a reasonable, small place,” he said, and see if it will be feasible to expand it to other parts of the business. If the trial works well, and if customer support is there, he expects the company will start taking bitcoin for other bookings as well. “Absolutely, absolutely, absolutely,” he said.

Expedia, which is using Coinbase for bitcoin processing, won’t hold the digital currency it receives, but that’s not “a statement on bitcoin, pro or con,” Mr. Gulmann explained. Rather, Coinbase’s default setting is for a daily settlement back into U.S. dollars.

My article from last year, long before the huge rally in prices, on how the U.S. government can try to hobble but cannot stop Bitcoin.

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  • ||

    Predictably Bitcoin prices dropped on the good news.

  • Alice Bowie||

    THE TSA (Toilet Safety Admin) will put the kobash on it once people start buying annonymous plane tickets.

  • ||

    Nonsense! Bitcoin is unstoppable! Able to overturn oppressive regimes and antiquated currency models in a single transaction! Evil exchange mediums like personal checks and Western Union beware! Defender of poor oppressed people with internet connections everywhere outside Africa and Asia; it is the shining example of how to get people to particpate in unfettered self-regulating markets and declare their capital gains bitcoin transactions on their tax returns.

    (The extra 'n' in 'annonymous' stands for "not", right?)

  • Christophe||

    If you're declaring your Bitcoin capital gains, you're doing it wrong.

  • Paul.||

    There is a revolution coming.

    And if you could step over here, fill out these forms, and then wait 4 to 6 weeks for your application to process, you may become a part of the revolution, as long as you have never taken any illicit drugs, own a firearm, or have espoused any philosophies which are consistent with overthrowing the current United States Government.

    Forms should be filled out in triplicate, any inconsistencies will cancel your application and you must begin again. The U.S. Department of Revolutions will consider each request, time permitting. You may be denied for other reasons not stated on the form.

    Appeals may be filed at the U.S. Department of Revolutions, Appeals Officer.

    No smoking, no drinking, no loud talking. Register at the desk. Three forms of ID required. Enjoy your Revolution.

  • ||

    So what's your favorite bitcoin buy/sell market, o commentariat?

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