Article Image
News Link • Transportation: Air Travel Considers Bitpay as Coinbase Terminates Merchant Processing Solutions

•, Kevin Helms

Travel booking website has been accepting bitcoin as a payment option for flights and hotel bookings since 2013. The company currently uses Coinbase to process its bitcoin payments. However, CEO Jeff Klee announced on Friday:

"We were recently informed 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 accept bitcoin from shoppers. These changes are scheduled to occur in a matter of weeks."

He explained that bitcoins received by are immediately converted to fiat because the company has to immediately transfer them to its travel supplier partners such as airlines and hotels. "Coinbase has been providing that service for us, but at the end of the month they are getting out of that business, leaving us scrambling for an alternative."

Join us on our Social Networks:


Share this page with your friends on your favorite social network:

Purse.IO Save on All Amazon Purchases