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In digitization, you have to keep up with the times: A&O hotels and hostels takes bitcoin

Profile Photo By: Carsten Hennig
September 12, 2017

In digitization, you have to keep up with the times: A&O hotels and hostels takes bitcoin

Berlin – 12 September 2017 –
The low budget hotel chain A&O now accepts bookings via Bitcoins. Bitcoins as a payment option is an important step in making the booking and payment process even more convenient,” said Oliver Winter, CEO of the A&O Group.

Guests selects the payment method “Bitpay”. The customer will then receive a QR code or an appropriate link. The customer’s digital wallet, his Bitcoin Wallet, is then used for payment. According to the present speed (September 2017) a price of 50 Euro for a single room equals about 0.015 Bitcoins.

The database system of the so-called block chain is the technological basis of digital currencies such as Bitcoin. The block chains are decentralized and can therefore lead to the improved security of transactions, e. g. inside our booking system, compared to central systems. We are currently working very intensively with this technology and the introduction of payment with Bitcoins is a first step in this direction for us “, emphasizes the A&O boss Winter.

Bitcoins complete the existing payment options on aohostels. Com by credit card, Paypal, Amazon Pay, DIRECTebanking, direct banking, iDeal and Grouppay. Over fifty percent of all bookings at A&O are created online and mainly directly through aohostels. and Grouppay. More than half of all bookings at A&O are made online and mainly directly via aohostels. com.

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