Online traveling company Webjet recently introduced Bitcoin payments to its platform, a step that made it the first travelling planner in Australia ever to accept a cryptocurrency.
Alongside the announcement, Webjet also partnered with the local Bitcoin payment processing company BitPOS to trade and settle digital currency transactions in real time. The partnership also reflected that, like any other company, Webjet have no plans to hold or trade Bitcoins in future.
The company’s CEO Paul Ryan however acknowledged Bitcoin as an “innovative addition” to their travelling website. “We are dedicated to providing our customers with a wide range of choice and flexibility in how they can purchase their travel deals,” he said. “In this particular case we are excited to extend this payment option to the community of bitcoin users that have relatively limited choice in terms of online retailers in the Australian market.”
At the same time, let’s not drop the fact that Webjet is simply experimenting with Bitcoin, and has allowed its payments only for deals available at its exclusive store. The company is likely to expand the digital currency payments option to other products only if this trial translates into good numbers.
A Personal Note
Bitcoin, as a currency, meanwhile will be gaining nothing from this event — much like it has gained nothing from Microsoft and Dell hype. The selling pressure on the coin will be exponential as ever, only until the adoption from the users’ end escalates. Try not to find any hype around this event and trade safe.
Image Credits: Webjet