American Luxury Hotel Brand and Cryptocurrencies

More and more companies started to realize the importance of Bitcoin and cryptocurrencies in general. For instance, an American luxury hotel brand began accepting Bitcoin as well as other cryptocurrencies as a payment option. This decision shows that the Kessler Collection understands the importance of cryptocurrencies.

Based on the information released by the luxury hotel brand, it partnered with crypto payment gateway service BitPay to begin accepting Bitcoin. This is not the end of the story as other cryptos adopted include Ether, Dogecoin. Moreover, the Kessler Collection is ready to accept four stablecoins: USD Coin, Paxos Standard, Binance USD, as well as Gemini dollar.

Interestingly, the Kessler Collection became the latest luxury brand to partner with BitPay to enable crypto payments for their products and services. For example, a luxury auto dealership in Nevada also worked with BitPay. Importantly, the dealership is not accepting Bitcoin payments outright, but through BitPay, a third-party payment provider. Notably, BitPay transactions settle BTC payments in U.S. dollars upon receipt.

Cryptocurrencies and new opportunities

It is worth mentioning that, crypto payments will help to reduce the tax burden on international guests. Interestingly, it is one of the most innovative concepts in the hospitality industry at the moment. Moreover, cryptocurrencies have the potential to reach even better results.

People should keep in mind that, airlines, travel agencies, and others started to adopt cryptocurrency payments. Unfortunately, the coronavirus pandemic decimated the industry, and in this situation, it makes sense to embrace virtual currency payment channels.

Furthermore, airlines, as well as other stakeholders, are also exploring blockchain in fighting the spread of COVID-19.

This week, the Georgia House of Representatives passed a bill that calls for state education officials to introduce a study program regarding financial literacy for high schoolers. Importantly, cryptocurrency is on the curriculum list.

Interestingly, cryptocurrency is on the list, along with more traditional subjects such as balancing a checkbook, money management, etc. Unfortunately, given cryptocurrency’s low position at number 16 out of 16 subjects, it may not be the most comprehensive overview. Despite this fact, a bill passed by the House of Representatives is a step in the right direction.

As a reminder, the French education ministry implemented a Bitcoin and cryptocurrency module to its high school curriculum in 2019. Cryptocurrencies gained popularity in different parts of the world. It is desirable to work with children as well as adults to answer all questions about various cryptocurrencies.