Members have the option of receiving cash back via PayPal or a popular selection of gift cards such as Visa, American Express, iTunes, Amazon, or Starbucks.
LOS ANGELES – The Guestbook, the hospitality industry's first instant cash back rewards program and the only to offer Bitcoin, has seen a recent surge in members requesting bitcoin as their cash back option. The digital currency is experiencing record-setting growth in 2017. The Guestbook has been offering Bitcoin as a cash back option since it launched three years ago.
"Acquiring bitcoins is still confusing and a bit of mystery for some," said James Gancos, Founder and CEO of The Guestbook. "Through The Guestbook, members convert their cash back rewards into bitcoin as a continuation of their travel experience. We're offering them something they can't get through any other loyalty rewards program."
Members have the option of receiving cash back via PayPal or a popular selection of gift cards such as Visa, American Express, iTunes, Amazon, or Starbucks. Selecting a charity of choice and donating through GlobalGiving or doubling up their cash back to use on a future trip, known as Trip Cash, are two other redemption options. Interestingly, members who have recently redeemed for Bitcoin have also doubled, or even tripled, their rewards value as the digital currency has risen in value.
"When we recently introduced our newest technology, Gopher," said Gancos. "We naturally added bitcoin given the recent popularity of this redemption option for The Guestbook. Through Gopher, bitcoin newbies and enthusiasts alike may earn the digital currency on any hotel worldwide while double-dipping on existing loyalty points & benefits."
Angelos is the news editor for TravelDailyNews Media Network (traveldailynews.gr, traveldailynews.com and traveldailynews.asia). His role includes to monitor the hundrends of news sources of TravelDailyNews Media Network and skim the most important according to our strategy.
He currently studies Communication, Media & Culture in Panteion University of Political & Social Studies of Athens.
