The reason is that majority of the worlds countries are still undecided whether to make the Bitcoin currency legal or not Though gaining distinction as an innovative payment network and new type of money some coun tries like Iceland and Vietnam have ID: 42030
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ï· HOME NEWS LEISURE TOP5 OFF BEAT TRAVEL TIPS BIG PHOTOS VIDEO Home » News Bitcoin For Travel? Say Hi To âClink Hostelâ, The First Hostel In The UK To Accept Bitcoin Travelers Today By Althea Serad Updated: Apr 04, 2014 12:03 PM EDT Text Size: A A A 1 Comment Tags Bitcoin For Travel , Bitcoin , bitcoin travel , bitcoin for travelers , Bitcoin , bitcoin conversion rate , bitcoin mining , Bitcoin price , Bitcoin calculator , Bitcoin wallet , Bitcoin miner , Bitcoin exchange rate , Bitcoin exchange , Bitcoin law enforcement , Bitcoin legal , Bitcoin legal issues , Bitcoin legal tender , Bitcoin legality US , Bitcoin legal in India , clink hostels , UK hostels , bitcoin UK hostels , bitcoin payment hostels (Photo : YouTube) The Clink Hostel, King's Cross - London Bitcoin for travel is usually unheard of and most uncommon today. The reason is that majority of the world's countries are still undecided whether to make the Bitcoin currency legal or not . Though gaining distinction as an innovative payment network and new type of money, some coun tries like Iceland and Vietnam have decided to make Bitcoin entirely illegal in their land. Though most countries are still undecided, the possibility of Bitcoin for travel cannot be ruled out altogether. Share This Story Launched in January of 2009, Bitcoin is a digital currency using peer - to - peer technology to operate with no central authority or banks. And now, Bitcoin for travel is easily becoming a norm. As the issue of Bitcoin's legality arises in major countries, in others, Bitcoin for travel is more welcome and even used. Say hello to Clink Hostel in the UK, the first ever hostel in the country to accept the Bitcoin currency. Why did Clink Hostel decide to welcome the idea of Bitcoin for travel and Bitcoin an accepte d mode of payment? Simple - Bitcoin is easier for their international guests to make payments without the issue of different currency exchange rates. They say that the addition of Bitcoin to the chain of hostels will remove the bother of negotiating foreig n currencies for tourists. (Photo : YouTube) Tested.com: Man looking at instructions on BitCoin ATM kiosk; Austin; April 2, 2014 The first Bitcoin booking they have made was last week for two people who stayed two nights. The transaction amounted to 0.439 BTC. Clink Hostel currently has two locations in central London, the hostels namely Clink261 and Clink78. They are a short distance apart and close to some of London's best bars, restaurants, nightlife, and to urist attractions and alternative sights. Now, the family - owned hostel chain is welcoming the idea of Bitcoin for travel and accepting Bitcoin as mode of payment for accommodation at both London properties. Clink still uses a manual system in accepting Bit coin payments, but in a few months guests can expect an automated Bitcoin and Litecoin payment system, in - line with their new checkout system on their site . Clink Hostels Sales and Marketing Manager D ave Double says that the idea to offer Bitcoin at the hostels came after the team saw how the digital currency could be integrated in to real financial world solutions. "Bitcoin and other Cryptocurrencies give everyone the opportunity to travel at the sam e exchange rate regardless of how strong or weak their countries' currency is. This is a great thing for the travel industry. Our guests are mainly 18 - 35 and are directly plugged into the digital world we now live in. Bitcoins are already being used for t ravel and accommodation worldwide and we want help our guests by offering more payment options. It's also a new and exciting community to be a part of." Bitcoin for travel is not far from becoming a legitimate currency for many accommodations nowadays. Wit h today's technology fast evolving, the norm of using Bitcoin for travel and even every day commodities is not far from happening. To know more about the Clink Hostels, you can visit their website at www.clinkhostels.com .