Two Major Hotels in Touristic Spanish City to Accept Crypto Payments in the Wake of Covid-19 Crisis
Seville is fast becoming a crypto city in Spain, with two well-known local hotels having announced that they will accept crypto payments. Hotel Becquer and Hotel Kivir have joined a crypto adoption group that allows guests to book rooms with digital assets.
Hotels receive 100% of the funds in Fiat Euro
According to Diario de Sevilla, the two hotels have signed a partnership agreement with local exchange Criptan to offer a crypto payment gateway to their guests. The Becquer is a 134-room hotel on the former grounds of the Marquis of Las Torres, while the 31-room Kivir Hotel is in the old town.
With the two four-star hotels joining the exchange, Criptan has expanded its portfolio of stores and even travel companies across the country that now accept cryptocurrencies like bitcoin (BTC) as payment.
Alejandro Rodriguez, general manager of both hotels, is optimistic about the spread of crypto in the tourism sector, which has been hit hard by the coronavirus pandemic:
It is of great importance that the tourism industry is one of the early adopters of this new payment method, with what this means for the economy internationally and domestically, as well as the potential for global use of cryptocurrencies.
As part of the agreement, Criptan will process these payments in cryptocurrencies, but both hotels will receive 100% of the money in fiat euros.
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Representatives of Criptan told Diario de Sevilla that this integration in hotels like Bécquer and Kivir follows the European regulation PSD2 for electronic payment services, which aims to increase security in Europe, promote innovation and facilitate the adaptation of banking services to new technologies.
Rodriguez also mentioned restructuring the business model to accommodate new technologies, as the economic crisis caused by the pandemic got him thinking about focusing on new segments.
As Seville becomes more familiar with cryptocurrencies, Bitcoin.com News reported in December 2020 that the Seville City Council had launched its own cryptocurrency to encourage residents and traders to trade with it amid the impact of the Corona virus on the economy.
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