Quote from: cooperly on October 08, 2018, 12:31:21 PM

What is the procedure of booking Hotel by using Crypto currency? Is it easy for Hotels to accept crypto currency directly?

It is not going to be easy for hotels to accept crypto currency payments directly. Now a days Hotel booking Industry is monitored by giant OTAs. All of them are not using crypto payment gateway. Therefore, for bookings that are made via crypto currency, Goeureka will carry out the conversion from Crypto to Fiat and pay out the hotels (with no commissions charged). We will also be accepting payments via Credit cards and our GOT token. Any booking made via credit cards and other cryptocurrencies will be charged a 5% transaction fee. The benefit of using Go token is that the customer will not be liable to pay the 5% transaction fee and will be able to access further discounts for hotel rooms that are connected to our platform. GO token will be utilized to access discounts for hotel rooms on the GOeureka platform and to facilitate the inter-operability of hotel loyalty rewards. Every hotel knows the fiat value of their loyalty reward point and They will work on a solution for customers to convert their existing hotel points to a fiat value (GO credits) and utilize these credits towards a room booking at another hotel on our platform.