Travel website Bitcoin.travel, that allows users to book flights using Bitcoin, has added support for six new cryptocurrencies in their platform. The website originally used to support only Bitcoins but now users can now book flights using – Ethereum, Bitcoin Cash, Litecoin, Dogecoin, Ethereum Classic, and Dash.
Bitcoin.travel added the support for new cryptocurrencies last week. According to their website, the Poland based company has been running since 2011 and adding support for new cryptocurrencies after 8 years of operations.
Apart from flights users can book hotels and rentals as well. Bitcoin.travel does not work on a similar model such as popular booking websites such as Booking.com and Agoda but rather acts a cryptocurrency payment layer on top of booking websites.
Payouts to the merchants are even made in cryptocurrencies. The withdrawals are made after the customer has used the merchants’ service.
Travel websites that accept cryptocurrency payments have sprung up in large numbers. Although the current volume of booking flights through cryptocurrencies is low, it is expected to increase once cryptocurrency goes mainstream.
One of the biggest hurdles to overcome is the price fluctuation. Traditional booking websites hold the equivalent amount of payment for the user and give it to the merchant (flight/hotel) at a later date. But in this domain holding cryptocurrency is a major problem due to price fluctuations. It’s yet to be seen if cryptocurrency can be a viable payment option for travel websites.
Lastly, readers are advised to be cautious of booking through cryptocurrencies, as lots of fake travel websites “accepting” cryptocurrency have sprung up.
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