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We thought Bitcoin, the open-source internet currency, was over…as far as using it to pay for hotel stays. Indeed, the Howard Johnson hotel in Fullerton, Calif. that we spoke to back in 2011 stopped using it after the Bitcoin market crashed.
But today Bitcoin is back and is now accepted in the one city where money talks--Las Vegas.
Two Downtown Vegas hotels--the D Las Vegas and the Golden Gate Hotel & Casino will begin taking Bitcoins starting tomorrow, including the front desk for each hotel and the D's gift shop. You can even use Bitcoin to pay for Coney Dogs at American Coney Island and steaks at Joe Vicari’s Andiamo Italian Steakhouse. Here's how it will work:
Bitcoin purchases at the casino hotels will be processed through BitPay, a service that streamlines transactions using tablet and mobile interfaces. Tablets programmed with BitPay will be installed at each cashier, allowing Bitcoin users to easily pay for services using their mobile wallets.
Derek Stevens, CEO of the D and Golden Gate, said the hotels began accepting Bitcoin due to "guest demand." Hmm…while we like how Stevens took initiative, guest demands sounds unlikely. After all, do you know someone using Bitcoin? Seriously, do you? Ok, maybe some of you do. But most of us just know about Bitcoin from its Wikipedia page.
Nonetheless, one Bitcoin equals roughly about $822 and considering that rooms at the D start at $22 tomorrow night, if you're in possession of just one Bitcoin, then you can go wild in Vegas.
Geek Hotels / Bitcoin / Howard Johnson Hotels / Disneyland Hotels / Red Roof Inns / Hotel Technology / → All Tags
Bitcoin is an electronic currency that's only accepted in the digital world. It's not recognized by any government, it's entirely unregulated and the only ways to get your hands on bitcoin is to either buy it with real cash or spend days "mining" for it on the internet. For more on how it works, you can (try to) read the bitcoin entry on Wikipedia.
Yet, Jefferson Kim, the owner and manager of both the Howard Johnson and the Red Roof Inn in Buena Park was eager to use bitcoin for hotel reservations saying that he would "personally like to see the BTC succeed." On the hotel's website, he detailed how to pay for a room with bitcoin.
One person who took him up on this? Wired contributing editor, Joshua Davis, who wrote about bitcoin for a piece in the New Yorker (the October 10th issue.) Davis booked a room at the hotel online for 10.305 bitcoins.