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Pay for Your Hotel Stay with Bitcoin (BTC) at the FIFA World Cup

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FIFA World Cup makes up for one of the biggest events globally when it comes to the “second most important thing in the world” – football. In the year 2018, the World Cup will be held in Russia as this country gained the rights to host the World Cup back in 2010 when the decision on this matter became official. While it is expected to see this year’s World Cup in Russia as one of the most spectacular events in 2018, word that Bitcoin will in a way support the mentioned event came back in March. Let’s see how Bitcoin is meant to support the faithful football fans during their visit to Russia.

Bitcoin Accepted as a Payment Method

It was announced back in March that Bitcoin will be used in some hotels as a payment method for paying for the stay of visitors that are to come to Russia in order to support their domestic teams on 12 different stadiums across Russia that will become the epicenters of maybe the biggest sports event in 2018.

As it is expected to see millions of people coming to Russia in order to witness the World Cup of 2018 and provide moral support to their country teams, more than several hotels in Kaliningrad have taken the initiative towards enabling payment s with Bitcoin as a way for paying for a stay in the listed hotels.

The hotels in Kaliningrad have already made arrangements with service providers that would be able to process crypto-based payments that will be made with BTC on this occasion.

The predicted dates for the increased inflow of visitors to Kaliningrad is June 14th and June 15th, when the Mundial will take place across 12 different stadiums and with millions of people coming from eight different countries as reported by the responsible parties in Kaliningrad.

The hotels in the mentioned city in Russia have stated that they are expecting to have guests from Serbia, Croatia, Morocco, Nigeria, England, Switzerland, Belgium, and Spain, which means that there will be a lot of potential Bitcoin users coming to support their teams.

As the World Cup is set to take place in Russia during today’s date on June 14th and the next day on June 15th and with Kaliningrad making the capital of the western area in Russia, Kaliningrad makes up for one of the hosting cities that will be welcoming numerous guests during their stay for the next two days.

The hotels in Kaliningrad have thus taken the initiative of partnering up with a service provider called Free-Kassa.

The manager of the hotel chain that has made the mentioned arrangement with Free-Kassa claims that she has noticed that the interest in trading and making payments with cryptocurrencies is increasing while taking major fervor during the last two years.

That is how they have decided to enable their visitors to pay for their stay in the chain of hotels in Kaliningrad while paying instantly with Bitcoin.

The prices across hotels, not only in Kaliningrad, but in other hosting cities have gone 10 times more expensive than the original price of staying in these cities, which seems to be a normal occasion since Russia has spent 12 billion dollars on this event, looking to earn a profit of at least 5 billion during the World Cup.

The hotel chain that has taken the initiative to partner up with Free-Kassa in order to provide visitors with the option of making payments with Bitcoin, hopes that other hotels will follow their lead, in accordance with the statement provided by the manager of Apartment Malina hotel.

If anything, the prices won’t get lower during your visitation to Russia during the World Cup, but at least you can make instant payments with Bitcoin on the spot thanks to the initiative of Kaliningrad hotels, like Apartment Malina, which contributes to the future adoption of cryptos, also making BTC a part of the World Cup 2018 in a modest but significant way for the crypto community in general.

Russia on Crypto Regulations

In addition to having the mentioned hotels in Kaliningrad offering to pay with BTC as one of the available payment options for their guests, the Russian government started to work on regulations that will address the use of digital currencies in this country.

The regulations were mentioned back in March 2018, when the Finance Ministry of Russia presented the bill on Digital Financial Assets, stating that the payments being made with cryptocurrencies and digital assets will be enabled and legal in accordance with the bill, but only in the case when the risk is out of the question.

That way, the Russian Financial Ministry has addressed the importance of differentiating valuable digital assets from so-called scam-coins that come as not only highly unregulated but potentially dangerous for the unsuspecting users.

Bitcoin Performance

Still the ultimate coin number one, with over 111.8 billion dollars in market capitalization, Bitcoin seems to be struggling with slow payment processing and the lack of a dev team that could turn Bitcoin into more than the original coin.

Moreover, BTC seems to be struggling in the market as well, although it is seen rising up by 0.76% today.

Bitcoin has as well as Litecoin touched a new low of below 7000$, making it tradable at the price of devastating 6542.47$ per one BTC. Far from its all-time high, it is yet not certain whether BTC will try and bounce off towards 7000$ and above or continue dropping down and below 6500$.

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Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and/or its affiliates, employees, writers, and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. Please conduct your own thorough research before investing in any cryptocurrency and read our full disclaimer.

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Bitcoin

Blockchain technology outshines Bitcoin and Gold during global pandemic

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As the popularity of cryptocurrencies such as Bitcoin begins to level up with investments made in metals such as Gold, together they have both made significant advantages for investors who have taken a leap to invest in them.

However, thanks to the pandemic and the dynamic shift in investing and the economy, many investors have seen fluctuating losses and gains thanks to the uncertainty of the current business world. 

Many investors that backed companies who have exposure to blockchain technology have seen an approximate amount of 54% return on investments over the past year. This is even after considering how hard the global tech market and companies have been hit since the beginning of the pandemic.

What is blockchain technology?

Blockchain technology was first introduced as a supportive technology for Bitcoin. A blockchain is a simple, unchangeable and un-hackable digital ledger that holds transactions in little blocks attached to a chain. The transaction is duplicated and distributed across the entire network of systems on the blockchain, making it available for everyone on the network to see. 

Each block in the chain contains various transactions which are recorded on the participant ledger every time a transaction takes place. The database is decentralised and is managed by multiple participants known as Distributed Ledger Technology (DLT).

Although blockchain technology was birthed from Bitcoin and was widely adopted for the use of cryptocurrencies, the way it works and its security has made…

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Bitcoin

Bitcoin Surges After Tesla Bought $1.5 Billion Worth of BTC

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Cryptocurrency

The sudden rise of Bitcoin has been connected to the decision taken by the Tesla electric car company to buy $1.5 billion worth of Bitcoin.

The company explained in a filing with the Securities and Exchange Commission (SEC) that it bought Bitcoin to diversify its cash returns and more flexibility.

Musk’s Tweets also impacted Dogecoin’s price

Tesla also added that it will start accepting Bitcoin payments for all its products, although this will be based on a limited basis and applicable laws. If the company concludes and starts accepting cryptocurrency, it will make it the first major car manufacturer to accept Bitcoin payments. The company’s founder and Chief Executive Officer Elon Musk has developed an interest in Bitcoin and cryptocurrencies.

He has been tweeting severally about the viability of the Dogecoin (DOGE), which doesn’t have an important market value attached to it.

Few hours after endorsing Dogecoin, the cryptocurrency rose by an impressive 50%. But regulatory authorities are still concerned about the risks in cryptocurrency investments, with several regulatory bodies warning traders and investors they could lose all their money from crypto investments.

But for Tesla, the company decides to diversify its funds and increased its cash returns. However, Tesla also warned investors about the volatility of Bitcoin’s price in its SEC filing. According to the SEC…

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Altcoins

XNO Token of Xeno NFT Hub listed on Bithumb Korea Exchange

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Hong Kong, Hong Kong, 25th January, 2021, // ChainWire //

Xeno Holdings Limited (xno.live ), a blockchain solutions company based in Hong Kong, has announced the listing of its ecosystem utility token XNO on the ‘Bithumb Korea’ cryptocurrency exchange on January 21st 2021.

Xeno NFT Hub (market.xno.live ), developed by Xeno Holdings, enables easy minting of digital items into NFTs while also providing a marketplace where anyone can securely trade NFTs.

The Xeno NFT Hub project team includes former members of the technology project Yosemite X based in San Francisco and professionals such as Gabby Dizon who is a games industry expert and NFT space influencer based in Southeast Asia.

NFT(Non-Fungible Token) technology has recently gained huge focus in the blockchain arena and beyond, making waves in the online gaming sector, the art world, and the digital copyrights industry in recent years. The strongest feature of NFTs is that “NFTs are unique digital assets that cannot be replaced or forged”. Unlike fungible tokens such as Bitcoin or Ether, NFTs are not interchangeable for other tokens of the same type but instead each NFT has a unique value and specific information that cannot be replaced. This fact makes NFTs the perfect solution to record and prove ownership of digital and real-world items like works of art, game items, limited-edition collectibles, and more.

NFTs are already being actively traded in markets globally. For…

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