cheapAir has instructed its customer to look out for other means aside from coinbase, coinbase is closer to stopping delivery services that are important for CheapAir to continue accepting payments in bitcoin.
Once cheapAir gets replacement for coinbase, it plan to also accept other cryptocurrencies such as litecoin,bitcoin cash,dash and many others.
Coinbase will no longer convert the company’s bitcoins into fiat currency, thereby ,CheapAir will not be
able to transfer payments to its travel supplier partners such as airlines and hotels.
Cheapair CEO JeffKlee said “coinbase has leave us searching for an alternative
Customers initiated the introduction of bitcoin in the past, as some demands if they can book a flight
using cryptocurrency, but as it stands now CheapAir is asking its customers to help find a solution.
In a letter addressed to its Bitcoin customers, dated April 20, 2018, Klee describes the current situation regarding the Coinbase issue and outlines several actions to improve and expand Bitcoin-based transactions, including CheapAir’s intention to accept additional cryptocurrencies such as Bitcoin Cash, Dash, and Litecoin.
Additionally, CheapAir plans to help its customers by establishing phone and email services staffed with advisors who are knowledgeable about cryptocurrencies. It also plans to automate several processes pertaining to Bitcoin transactions.
Moreover, the letter announces that CheapAir intends to use Bitpay as its new processor.
One main obstacle, however, is that Bitpay does not support wallets that are not BIP-70 compliant.
Specifically, CheapAir’s letter asks customers the following questions: Do you buy from other Bitpay merchants? Do you find the BIP-70 wallet requirement to be reasonable or too onerous? Candidly, would this make you more or less likely to do business with us?