Will cryptocurrency become accepted for travel payments?
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Will cryptocurrency become accepted for travel payments?

The wild ride of Bitcoin has dominated
headlines in recent weeks. The cryptocurrency’s value stands around $50,000 for
one Bitcoin this week – compared to about $10,000 a year ago and around $400
five years ago. Bitcoin is just one of thousands of cryptocurrencies in
existence – and many of those are also surging – but it has by far the highest
value.

Since Bitcoin first appeared in 2009
as the original decentralized digital currency, i.e., not controlled by banks or
a government, a handful of travel companies have come to accept it as a form of
payment.

One of the first was online travel
agency CheapAir, which began accepting Bitcoin in 2013. Originally the company
used a third-party processor to…

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