Online Travel Booking site CheapAir is Adopting Bitcoin Payment Processors
CheapAir.com which started taking Bitcoin back in 2013 in a first for a global travel industry clarifying the move in a blog post unveiling it is eyeing a move to acknowledge bitcoin payments through Bitpay.
“We were recently notified by our processing partner, Coinbase, that they will no longer support ‘custodial’ solutions for merchants, and are removing a number of the tools and features that we rely on to receive bitcoin from CheapAir.com shoppers. These changes are scheduled to happen in a matter of weeks.”
As per CheapAir, the procedure that converts the bitcoin from clients to fiat currencies is vital to the platform’s ability to acknowledge cryptocurrency, as hotel services and traditional airlines only take fiat currencies as payment.
The company further stated that, as part of the shift, it’s looking at acknowledging other digital currencies, naming litecoin, bitcoin and bitcoin cash as potential choices. CheapAir declared in 2014 that it was taking dogecoin and litecoin by way of GoCoin, another digital currencies payment processor.
Although, while CheapAir announced the integration with Bitpay has already finished, it anticipates the adoption may not be as smooth as before.
The company stated in a statement, going on to ask the customers send feedback on the Bitpay option:
“This is where we’d love your input.”