• The Novotel Bahrain Al Dana Resort in Manama, the capital of Bahrain, has announced it will be accepting crypto payments.
• The move is pushing the goals of bitcoin and other digital currencies closer to being achieved as payment tools.
• This makes the resort the first in the region to accept crypto, following recent announcements from telecom operator STC Bahrain and Carlton Real Estate in Bahrain.
Luxury Hotel Accepts 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 as payment tools.
The Initial Purpose Of Bitcoin
Many people likely forget that while bitcoin and many of its crypto cousins have taken on either speculative or even hedge-like statuses in recent years, many of them were initially designed to serve as payment tools. They were built to push checks, credit cards, and fiat currencies to the side but this has been a relatively slow journey given the volatility that continues to drag them down.
Novotel’s Agreement with Eazy Pay
Novotel has signed an agreement with crypto firm Eazy Pay to accept digital payments. The company will offer the luxury resort technology so that it can say “yes” to assets like bitcoin, Ethereum, and others. Eazy Pay’s services are also supported by Binance mobile app.
Crypto Arena Growing In Bahrain
Despite last year’s crash in 2022,crypto arena appears to be growing rapidlyin nationof BahraiNIn Decemberof last year telecom operatortSTC Bahranannounced it would start acceptingcrypto paymentfor utilitiesand similaritems Last NovemberCarltonReal EstateinBahrain startedaccepting Bitcoinas adepositmethod foritsproperties thesearejusttwo examplesof a growingtrend across theregion whenit comesto acceptanceof cryptocurrencies
Enterprises like Novotel Bahrain Al Dana Resort are important because they understand initial purposes of bitcoin and digital currencies tryingto transformtheminto usabletoolsthat everydaypeoplecan benefitfrom Althoughthereis stillvolatilityinvolved whenusingcryptos thesecompaniesare helpingpushthegoalsof bitcoinsclosertobeingachieved