• The Novotel Bahrain Al Dana Resort, a luxury hotel in Manama, Bahrain, has announced it will be accepting crypto payments.
• The move is pushing the goals of bitcoin and its digital counterparts closer to being achieved.
• Novotel has signed an agreement with crypto firm Eazy Pay to accept digital payments.
Luxury Hotel in Bahrain Accepting Crypto Payments
The Novotel Bahrain Al Dana Resort – one of the most luxurious hotel spots in Manama, the capital of Bahrain in the Middle East – has announced it will be accepting crypto payments for items like room stays and other vacation staples. The move is pushing the goals of bitcoin and its digital counterparts closer to being achieved; many were initially designed as payment tools but have taken on more speculative or hedge-like statuses due to their volatility.
Eazy Pay Supports Crypto Payment Technology
Novotel has signed an agreement with crypto firm Eazy Pay to accept digital payments. The company will offer the luxury resort the technology it needs so that it can say „yes“ to assets like bitcoin, Ethereum, and others. Eazy Pay’s services are also supported by the Binance mobile app.
Pushing Bitcoin Closer To Its Initial Goals
It is extremely hard to understand when bitcoin and its crypto family will go 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; however, enterprises like Novotel Bahrain Al Dana Resort are helping push these currencies towards their original use case – payment tools which everyday people can benefit from.
Bahrain Catching Up With Crypto Arena
Novotel is the first resort in the region to accept crypto despite 2022’s crash of BTC prices; however, there appears to be a growing interest in digital assets within Bahrain itself – telecom operator STC Bahrain announced last December that they would start accepting crypto payments for utilities and similar items; additionally, Carlton Real Estate began offering its customers cryptocurrency options last November.
Conclusion
The acceptance of cryptocurrencies by luxury hotels such as Novotel Bahrain Al Dana Resort is helping propel them into mainstream usage as actual payment tools rather than just speculative investments – something that was Bitcoin’s initial goal right from day one!