Seville is fast becoming a crypto-friendly city in Spain. Two well-known local hotels announce that they will accept crypto payments. Hotel Bécquer and Hotel Kivir have joined the crypto-adoption by allowing customers to book rooms with digital assets.
Hotels receive 100% of the funds in fiat euros
According to Seville NewspaperBoth hotels have signed a partnership agreement with the domestic exchange Criptan to enable their customers to use the Crypto Payment Gateway. The Bécquer is a 134-room hotel on the former site of the Marquises of Las Torres, while the 31-room Hotel Kivir is in the old town of the city.
With both four star hotels partnering with the exchange, Criptan has expanded its portfolio of retail stores and even tourism companies across Spain that are now accepting cryptos like Bitcoin (Bitcoin)BTC) as a means of payment.
Alejandro Rodríguez, General Manager of both hotels, is optimistic about the extensive future rollout of cryptos across the tourism sector, which has been hard hit by the coronavirus pandemic:
It is very important that the tourism sector be one of the first to adopt this new payment method with what it represents for the economy at international and national level and the possibilities of cryptocurrencies that can be used globally.
According to the agreement, Criptan will process such crypto payments, but both hotels will receive 100% of the money in fiat euros.
Pandemic is driving hotel management to target crypto users
Criptan’s representatives told Diario de Sevilla that such integration in hotels such as Bécquer and Kivir follows the European regulation PSD2 on electronic payment services, the aim of which is to “increase security in Europe, promote innovation and adapt banking services to promote new technologies. ”
Rodríguez also cited a business model restructuring to follow emerging technologies as the economic crisis sparked by the pandemic made him think about moving into new segments.
As Seville becomes even more familiar with crypto, Bitcoin.com offers news reported In December 2020, a municipality in Seville launched its own cryptocurrency designed to encourage local residents and merchants to transact with it amid the economic impact of coronavirus.
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