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Travel Brands Turn to Risky Payments From the Crypto-Wealthy

Patrick Whyte

Photo Credit: An image from the 2013 Monaco Formula 1 Grand Prix. Cryptocurrency specialist The White Company is selling a package to the 2018 event. LAT Photographic via Flickr / Andy Hone

Skift Take

The bitcoin bubble may have burst — at least temporarily — but there are still plenty of people sitting on sizable gains. The risk for any company accepting payment in cryptocurrencies is their volatility, which tells you that it is probably more about public relations than profits at this stage.

Series: New Luxury

Luxury Travel News

The Skift New Luxury column is our weekly column focused on the business of selling luxury travel, the people and companies creating and selling experiences, emerging trends, and the changing consumer habits around the sector.
Some people have become very rich off the back of the bitcoin boom. The problem for these crypto-affluents is that most retailers don't accept these new forms of digital currency. Enter a small handful of companies who have either decided to take the risk and accept payment in bitcoins directly or who act as intermediaries. The end result is the same: People can now buy expensive stuff using bitcoin. Contributor Samantha Shankman took a look at what these companies have to offer and whether they are a sign of things to come in

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