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.
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.
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|