Paying with Bitcoin? You May End up Spending More, Says Destinia

Destinia, a Spanish online travel agency has proved it. According to the study, people who prefer paying with bitcoin have the tendency to spend more per transaction than their counterparts who use fiat currency. On an average, the size of bitcoin transactions vary by over $18 when compared to conventional credit card payments.

During the course of study, it was found that the bitcoin paying customers spent about $477 per transaction as against $400 by those who opted for credit card payments. According to the spokesperson for Destinia, the company has customers paying in bitcoin on an everyday basis. However, the company which has been receiving bitcoin payments for more than a year now is noticing a considerable decline in bitcoin payments lately.

Majority of bitcoin paying customers of Destinia are from Spain, Germany, Argentina and Sweden. The company attributes the reduction of bitcoin payments to increasing competition. Many online travel agencies have now started accepting bitcoin, including Expedia. Expedia currently accepts bitcoin payments for hotel bookings only. Destinia is now planning to accept bitcoin payments for low cost airplane bookings.

The drop in bitcoin prices suddenly might be another reason for decline in bitcoin transactions.

READ MORE: Bitcoin Payments Sees a Decline – Says

Read more ... source: LiveBitcoinNews