cryptocurrency

More hotels accept encryption

There are more hotels around the world would like it Accept cipher for room Accommodations and additional payments. The worlds of digital currency and hospitality seem to meet once and for all as more resorts have opened their hearts to the asset.

Hotels and Cryptocurrencies…a perfect match!

These moves are pushing the goals of Bitcoin and its digital counterparts closer to achieving them. What many people likely forget is that while Bitcoin and many of its crypto cousins ​​have taken on either speculative or even hedging-like positions in recent years, many of them were initially designed to serve as payment instruments. It was designed to push checks, credit cards, and paper currency to the side, but this was a relatively slow ride due to the volatility that kept dragging it down.

It is very difficult to understand when Bitcoin and the crypto family are going up or down when it comes to their prices. Many stores and companies have been reluctant to say “yes” when it comes to accepting crypto payments for this reason, and to some extent, we can’t blame them.

Consider the following scenario: Someone walks into a store and buys $50 worth of merchandise with bitcoin. For one reason or another, the store doesn’t exchange bitcoins for fiat currency right away and goes about 24 hours. From there, the price of BTC drops to $50 and $40. The customer has to keep everything he bought, but the store eventually lost money. Is this a fair situation? Not everyone thinks so.

This is what makes the establishments of such hotels so important. They understand the primary purposes of bitcoin and digital currencies and try to turn them into usable tools that ordinary people can benefit from.

One hotel willing to accept bitcoin and other digital assets is called Soneva. As a resort in both Thailand and the Maldives in Southeast Asia, resident guests can use Bitcoin and Ethereum to pay for their experiences. These assets can also be used to secure real estate for foreign buyers.

Bruce Bromley – CFO and Executive Vice President at Soneva – commented in an interview:

At Soneva, we always strive to be a leader in the hospitality industry. Hence, accepting cryptocurrencies as a payment method is another example of enabling our international guests to easily make payments from anywhere in the world.

Recognize crypto as a valid payment method

Another hotel that accepts cryptocurrency is Sri Panwa in Phuket. She recently wrote on Twitter:

Go luxury, go crypto! From September 15, Sri Panwa will start accepting cryptocurrency as a payment method. The recognized currencies will be Bitcoin, Ethereum, USDT and USDC. With this move, we hope to increase our flexibility and security, and provide our guests with additional peace of mind.

Tags: bitcoin, ethereum, hotels

#hotels #accept #encryption

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