Bitcoin
$ 37,668
Ethereum
$ 2,256.6
Litecoin
$ 132.88
okex ads

VICTORY IN NIGERIA CRYPTO SPACE AS GEORGE RESIDENCE BECOMES FIRST NIGERIA HOTEL TO ACCEPT BITCOIN

Amid the prohibition of cryptocurrency transactions by the Central Bank of Nigeria, Nigerians are still positive about this blockchain technology called Cryptocurrency.

George Residence, a luxury hotel based in Lagos, Nigeria has taken the first bold step to accept cryptocurrency as a form of payment for their service. The hotel made the announcement of accepting bitcoin as a form of payment this past weekend.

The Chief Executive Officer of George Residence Yanju George said that bitcoin is the currency of the future and it is only right that we are strongly positioned so we do not get left behind. In an interview with the media, he disclosed

“We have allocated around 50% of our cash reserves to Bitcoin and we hope to increase that as time goes on. Bitcoin permits our guests a faster and more secure way to enjoy the comfort we offer, and we are excited to be able to offer this them.”

This development makes George Residence the first hotel to accept Bitcoin in Nigeria and a selected few companies in Nigeria to accept digital currencies as payment.

Furthermore, George Residence has partnered with Coinvest Africa, a leading cryptocurrency firm, to process the cryptocurrency payments.

 

Related Posts

Leave a Reply

Newsletter

Subscribe To Newsletter

For updates and exclusive offers, enter your e-mail below.

Popular Posts

AFRICAN WEEKLY REVIEW
July 26, 2021By
India: WazirX Partners with TRM Labs to Detect Crypto Fraud Transactions
July 26, 2021By
Wyoming Authorities Officially Recognize the First DAO in the United States
July 26, 2021By

Advertisement

Video Posts

In
Impact Of Technology On 4.0
July 6, 20210
In
Importance Of Cryptography
July 3, 20210

Crypto Stats


CryptoCurrencyUSDChange 1hChange 24hChange 7d
Bitcoin37,668 1.25 % 7.96 % 18.01 %
Ethereum2,256.6 0.63 % 3.53 % 18.41 %
Tether1.010 0.33 % 0.75 % 0.38 %
Binance Coin305.97 0.15 % 1.31 % 0.56 %
Cardano1.270 0.03 % 3.87 % 6.89 %
XRP0.6288 0.00 % 3.73 % 6.61 %
USD Coin1.000 0.03 % 0.42 % 0.45 %
Dogecoin0.2069 0.23 % 3.76 % 12.27 %
Polkadot14.20 0.25 % 4.28 % 11.20 %
Binance USD1.010 0.85 % 0.04 % 0.13 %

You have not selected any currencies to display