Russian hotels are accepting BTC during FIFA World Cup

Football fans will be able to pay for hotel stay with bitcoin during FIFA World Cup starting June 14
23 May 2018   1684

One of the host cities for the 2018 FIFA World Cup Kaliningrad is expecting visitors and teams from Spain, Belgium, England, Croatia, Morocco and Nigeria. Hotel owners in the city started a campaign offering a bitcoin payment option for the hotel stay. A hotel chain has partnered with a payment processor to provide the service.

We are seeing increasing interest in cryptocurrencies. They will gradually come into use as a means of payment .We have decided that fans should be able to pay for our services with the help of this innovative technology.

 

Anna Subbotina

Manager, Apartments Malina

One of Russia's electronic payment provider that supports cryptocurrency transactions – Free-Kassa will act as the payment processor for the hotels. As the event is closing near, the accomodation have skyrocketed with Kaliningrad getting among the most expensive destinations.

This is an interesting experience for us – we haven’t worked with hotels so far. The hospitality industry is quite sensitive towards new trends.

 

Vitaliy Lavrov

Development Manager, Free-Kassa

Before the start of the World Cup 2 bills regulating different aspects of the crypto sphere are expected to be adopted, i.e. the law "On Digital Financial Assets" (legalizes blockchain technology, mining activity and ICO) and a draft for Russia Civil Code (regulation the use of cryptocurrencies and protection investors' rights). At the moment of publication, Bitcoin market indicators are as follows:

Average price 7,909.60 USD
Market cap 134,857,295,820 USD
Volume (24H) 5,711,080,000 USD

Bitifinex to Cooperate With Bitrefill

Exchange's users will be able to purchase products from the Bitrefill catalog with help of Lightning Network
05 December 2019   145

The Bitfinex cryptocurrency exchange has entered into a partnership with the service of replenishing mobile accounts and gift certificates Bitrefill.

Using Lightning Network (LN) technology, Bitfinex users will be able to purchase products from the Bitrefill catalog, which includes more than 2,000 digital gift cards and options for replenishing mobile accounts.

As soon as the user pays for the goods using Bitcoin, Bitfinex and Bitrefill automatically settle through the LN network, which makes transactions cheaper and much faster.

Bitcoin’s use as a means of payment represents an important milestone in the inevitable journey towards mass adoption. This is why the Lightning Network is so important. As an exchange, Bitfinex is at the forefront of developing solutions utilizing this technology.
 

Paolo Ardoino

CTO, Bitfinex

On December 3, Bitfinex integrated payment support through the Lightning Network.