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February 06, 2014, 10:44:29 PM |
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I often think about possible areas of application for Bitcoin. I see great potential in the travel industry, especially in flight and hotel booking. This is a highly competitive market in which every cent is important. They could easily save 2-3% credit card fees if they would introduce Bitcoin as payment method. Imagine, hotels.com would do that. They would get a huge financial first-mover advantage because no other price comparison service could compete with their prices. Because of the pricing pressure competitors have to offer Bitcoin as well and so could Bitcoin get important in this business.
What do you think? Where has Bitcoin a reasonable chance to play an important role within the next 3 years?
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