Well it seems that Expedia did a great thing by allowing you to use Bitcoin to pay for hotel bookings. So that means I don’t need to use my credit card any longer when I check into the hotel?
If you read down in the comments you see hotel workers saying they will still apply a 2X block on the daily rate of the room to your credit card, even if you've paid for the room with Bitcoin. A block that can take up to two weeks to be released.
Obviously the standard hotel procedures will need to be revised but until then Bitcoin buyer beware ;<(.
Think of it this way: you're paying by Bitcoin, but you're guaranteeing that you won't drink the minibar dry or trash the room with a credit card. This won't change until there's a well-established Bitcoin credit facility.
Not exactly:
http://www.reddit.com/r/Bitcoin/comments/27vc4x/expedia_star...
If you read down in the comments you see hotel workers saying they will still apply a 2X block on the daily rate of the room to your credit card, even if you've paid for the room with Bitcoin. A block that can take up to two weeks to be released.
Obviously the standard hotel procedures will need to be revised but until then Bitcoin buyer beware ;<(.
Rick