• 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.
• 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. This move is pushing the goals of bitcoin and its digital counterparts closer to being achieved as a payment tool.

Novotel Signs Agreement with Crypto Firm Eazy Pay

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.

Crypto Arena Growing Quickly in Bahrain

Despite the terrible crash of 2022,the crypto arena appears to be growing like crazy in Bahrain. In December of last year, telecom operator STC Bahrain announced it would start accepting crypto payments for utilities and similar items. Last November, Carlton Real Estate in Bahrain also revealed they would begin taking crypto assets such as BTC and ETH as payment methods at their properties.

Volatility Makes Companies Reluctant

It is extremely hard to understand when bitcoin and its crypto family will go up or down when it comes to their prices which makes many stores and companies reluctant to say „yes“ when it comes to accepting them as payment options . Consider this scenario; someone walks into a store and buys $50 worth of merchandise with bitcoin but 24 hours later its value has dropped making what was once a $50 purchase now only worth $40 leaving store owners out of pocket from their initial transaction .

Push Towards Making Bitcoin Usable Tool

This is why enterprises like Novotel Bahrain Al Dana Resort are so important because they understand that initially these digital currencies were designed as payment tools not speculative or hedge-like investments as they have become today . With this new acceptance by Novotel , people can use their cryptocurrency assets more easily than ever before helping push towards making bitcoin an everyday usable tool .