More and more companies switching towards blockchain technology and accepting cryptocurrencies as their mode of payments is a big change in every existing market. Just recently an Online travel booking company called CheapAir.com is also switching to bitcoin payment processors following a services change by Coinbase. They started accepting bitcoin payments through a cryptocurrency processor bitpay back in 2013 and marked themselves as the first global travel agency accepting bitcoins.
CheapAir.com representatives said that the most important part in their platform to accept the cryptocurrency is the process by which they convert the bitcoins from customers into the fiat Currency to pay the traditional hotels and airlines as they only accept fiat currency as the method of payment.
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 CheapAir.com shoppers,These changes are scheduled to occur in a matter of weeks
CheapAir.com also said that they are also working on to accept other cryptocurrencies as well like dash, bitcoin cash, and litecoin. The company also using another cryptocurrencies payment processor GoCoin to accept litecoin, and dogecoin. However, while CheapAir said the integration with Bitpay has already completed, it foresees the adoption may not be as smooth as before.
Addressing their concerns company said:
Our one giant concern is that Bitpay does not support ‘non-payment protocol wallets’ (wallets that aren’t BIP-70 compliant). So if you do not have a compatible wallet, you would have to get one and use it as an intermediate stage for your Bitcoin payment,