Dreaming of taking time off work to vacation in a beautiful resort after a wild bitcoin pump? Well starting tomorrow, you can.
Starting tomorrow, July 7, the world famous Pavilions Hotels & Resorts will begin accepting payments in bitcoin, managing director Scot Toon reported.
The announcement also stated that they have partnered with Coindirect in Britain to allow guests to pay in BTC while booking their stays across Europe and Asia. Customers will also have the option to purchase properties on the Thai resort island of Phuket in Japan using bitcoin.
Accepting payment in bitcoin has become increasingly popular over the past few years, and as we move further into this digital age, mass adoption seems imminent.
Toon agrees and even stated, “Cryptocurrency is something that [Pavilions] saw is going to be around forever. It’s not going away anytime soon, and people are adopting it more and more over the last couple of years. People are taking it on in the retail sector, so it made sense for us in the travel sphere to take it on.
“It’s exciting times to be able to see more and more people adopting cryptocurrency for business,” Toon added. “You’re going to see more and more in the travel sphere adopting cryptocurrencies as a form of payment.”
Toon also addressed the volatility of Bitcoin by sharing his thoughts on how fiat currencies also experience price fluctuations, and that it is just a part of international business.
Pavilions will either hold or sell the bitcoin they receive as payment, depending on what they see fit at the time. One could only assume they may hold nearly all the bitcoin they receive, and sell only when necessary to cover costs. Over the past year, central banks have been printing money like crazy. Expanding the monetary supply, especially like this, is going to result in currency devaluation and inflation.
This world famous hotel chain is choosing to get paid and store some wealth in the hardest money humanity has ever had – one where the supply is 21 million BTC and not a single coin more. They do not have to worry about a central bank printing away their earnings anymore.
Although the journey into Bitcoin can be daunting, newcomers can have an easier time by adjusting their mindset.To my newly interested friends,First of all, congratulations! You should be proud of yourself for getting this far. If you are reading this letter, you have taken an interest in learning about Bitcoin, which is a difficult step…
Seed Group will help CoinCorner expand their operations into the UAE and access top decision-makers in the government as well as private sectors.CoinCorner, a global leader in Bitcoin and Lightning Network services, has partnered with Seed Group, a company of the Private Office of Sheikh Saeed bin Ahmed Al Maktoum, to facilitate Bitcoin transactions in…
Pepe and Bitcoin both represent systems of value forged in stark opposition to the one surrounding them.This article originally appeared in Bitcoin Magazine's "Censorship Resistant Issue." To get a copy, visit our store. The internet loves to trade. Doesn’t matter what. Doesn’t matter why. Doesn’t matter how. Over the last decade, exchange has become a…
On October 21, 2019, Chinese bitcoin mining giant Bitmain launched mining headquarters in Rockdale, Texas, in collaboration with the Rockdale Municipal Development District and Canadian blockchain firm DMG Blockchain Solutions. The Texas facility will be located on a 33,000-acre site, and Bitmain will be working to increase its power output from the current 25 MW…
Sound money like Bitcoin facilitates rational memes that are strengthened by criticism, while fiat creates memes that inhibit criticism.This is an opinion editorial by Logan Chipkin, a freelance writer interested in Bitcoin, economics, physics, philosophy and history.Money doesn’t make the world go ‘round. Ideas do.In “The Fiat Standard,” economist Dr. Saifedean Ammous explains how our…
As Nigerians protest over the inability to withdraw cash, it should be clear that the country needs a Bitcoin alternative.This is an opinion editorial by Ray Youssef, a founder and CEO of Paxful and a founder of the Built With Bitcoin Foundation.The cash crunch in Nigeria is reaching a boiling point as 54% of its…
The controversial project has been met with equal parts excitement and criticism in regards to its impacts on Bitcoin.A project called Ordinals has launched on the Bitcoin blockchain, effectively enabling Bitcoin-native on-chain NFTs. Led by former Bitcoin Core contributor Casey Rodarmor, the protocol is a convention for numbering and transferring individual satoshis on the Bitcoin network.Ord,…
Summary: Bitcoin’s long-held support at $9,750 gave way on September 24, 2019 in a swift and violent 15 percent move to the downside. At the moment, the market is testing a previously untested weekly level at $9,200 and is currently finding support. If the daily candle manages to close below this support level, we can…
I heard a lot of people say no one could define an L2 at Bitcoin Asia. The problem is that we have a definition, and most people just want to ignore it. Marketing, eh.“Bitcoin L2s” are the hottest thing on the street. People are using a bunch of jargon to distract users from trust assumptions