Another day, another company accepting bitcoin in an attempt to cash in on the craze. This time it’s Expedia the travel booking site that’s accepting the virtual currency for hotel bookings. They’re working directly with Coinbase to accept and then convert the BTC into dollars as soon as they hit the travel agent’s coffers.
Like PayPal before it, these bitcoin announcements are a way of showing that a company is hip and “with it.” Bitcoin fans, on the other hand, see this adoption as proof their coins are gaining traction. However, what’s really happening is that the companies are using bitcoin as a lure for early adopters and folks who might not want to transmit their credit card numbers over the Internet.
The plan is to add flights later if the feature becomes popular. Expedia follows Overstock.com and Dish Network as the third major company to accept bitcoin.
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