Connect with us

Bitcoin

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

Published

on

Bitcoin

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$.

For the latest cryptocurrency news, join our Telegram!

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.

Image courtesy of Pexels

Bitcoin

Wisebitcoin Launches Professional-Grade Crypto Exchange

Published

on

Infrastructure is developing rapidly in the cryptocurrency industry, but the recent launch of the Wisebitcoin cryptocurrency exchange is nonetheless significant in terms of the immediate value it provides to cryptocurrency users. That’s because the exchange has had a beta version available since 2018 while continuing further developments in stealth mode, and already serves over 1.2 million end users with $6+ billion in 24 hour trading volume at the time of its official launch.

In addition to the large user base and deep liquidity, Wisebitcoin also stands out by offering up to 100x leverage to margin traders, with the ability to open a long or short position in their futures market. In the current bullish environment, leverage is a key way that experienced traders increase their exposure and try to profit from volatility.

For example, if a user opened a long position on ETH on January 2nd at a price of $750, they could have greatly multiplied their profits with even a small amount of leverage such as 5x as ETH reached over $1,100 within 48 hours. A simple unleveraged position would have netted $350 in profit, but a 5x position would have netted $1,750 and a 100x leveraged position would have netted an incredible $35,000 in profits from an initial investment of just $750. 

Beyond leverage, Wisebitcoin additionally offers a simple and…

Continue Reading

Bitcoin

ISW Holdings Continues to Transition Cash Assets into Bitcoin with $20K Purchase Ahead of Mining Launch

Published

on

By

ISW Holdings, Inc. (OTC: ISWH) (“ISW Holdings” or the “Company”), a global brand management holdings company, is pleased to announce that it is in the process of converting $20,000 of the Company’s cash holdings into Bitcoin. The Company also announces that it will be regularly conducting similar transactions on a quarterly basis to convert a percentage of cash flows into Bitcoin.

Management expects this transaction to be completed this week. The Company began transitioning cash resources into Bitcoin with an initial transaction in March 2019 at approximately $4,000/Bitcoin.

“We believe in the future of Bitcoin and digital payment systems, and cash represents an unproductive asset given the degree of monetary expansion, stimulus, and debt dragging down traditional currency systems,” commented Alonzo Pierce, President, and Chairman of ISW Holdings. “We are also on schedule to launch mining operations through our Pod5 solution at the Bit5ive renewable energy project by the end of January.” 

The Company formed a joint venture partnership with Bit5ive, LLC, (“Bit5ive”) in May to build and deliver an elegant, powerful, and efficient data center pod design. The Proceso Pod5ive Datacenter is the result. Designed in partnership with Bit5ive, and geared primarily for the cryptocurrency mining industry, the Proceso Pod5ive Datacenter offers next-generation dynamic self-management functionality, plug-and-play operation, virtually non-existent maintenance needs, and an industry best-in-class 1.06 Power Usage Effectiveness score.

The Company’s first mining pod is set to…

Continue Reading

Altcoins

XENO starts VIP NFT trading service and collaborates with contemporary artist Hiro Yamagata

Published

on

Hong Kong, Hong Kong, 24th December, 2020, // ChainWire //

The XENO NFT Hub (https://xno.live) will provide a crypto-powered digital items and collectables trading platform allowing users to create, buy, and sell NFTs. Additionally it will support auction based listings, governance and voting mechanisms, trade history tracking, user rating and other advanced features.

As a first step towards its fully comprehensive service, XENO NFT Hub launched a recent VIP service to select users and early adopters in December 2020 with plans for a full Public Beta to open in June 2021. 

“NFTs are extremely flexible in their usage, from digital event tickets to artwork, and while NFTs have a very wide spectrum of uses and categories XENO will initially focus its partnership efforts and its own item curation on three primary areas: gaming, sports & entertainment, and collectibles.”, said XENO NFT Hub president Anthony Di Franco.

He also added “This does not mean we will prohibit other types of NFTs from our ecosystem However, it simply means that XENO’s efforts as a company will be targeted into these verticals initially as a cohesive business approach.”

Development and Procurement Lead, Gabby Dizon explained, “Despite our initial focus, we found ourselves with a unique opportunity to host some of the works of Mr. Hiro Yamagata. We are collaborating with Japanese artist Hiro Yamagata to enshrine some of his artwork into NFTs.”

Mr. Yamagata has been…

Continue Reading

Press Release