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Author Topic: Hotel in Belize Accepting Bitcoin  (Read 1836 times)
deadserious
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March 23, 2013, 02:14:07 AM
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Anyone want to travel to Belize?

A friend of mine is sending out this press release tomorrow.

23 March, 2013

Pedro's Hotel Now Accepting Bitcoin Payments

SAN PEDRO, BELIZE - Pedro's Hotel in San Pedro, Belize has started accepting Bitcoin as a form of payment in their Hotel, Bar and Pizzeria.  They will become the first hotel in Central America and one of only 4 hotels in the world to accept the currency.

Bitcoin, a relatively young digital currency, has seen increasing acceptance in recent months, particularly by popular online companies like Reddit and Wordpress.  However, brick and mortar businesses have been slow in understanding the benefits it brings to a local business.  The owner of Pedro's Peter Lawrence saw the potential benefits that Bitcoin could bring to his business. Lawrence said, "With Bitcoin we will be able to lower our transaction costs. It's perfectly suited to our type of business where nearly all of our reservations are taken online or over the phone."

Effective March 23nd, a newly constructed Deluxe Room will be available for 1 Bitcoin per night (price subject to change). Bitcoin will also be able to be used to pay for food and drink in the bar by pre-purchasing bar credit in the hotel office.

To check availability, make a reservation or learn more about paying for rooms with Bitcoin, email cindy@pedroshotel.com or call 704-990-8658 (US) or +501-226-3825 (Belize).  More information about the new Bitcoin option at Pedro's can be found at http://pedroshotel.com/bitcoin

About Pedro's Hotel

Pedro's Hotel has been one of the highest rated hotels in Belize for many years.  It caters to the budget minded traveler but offers amenities found in much more expensive establishments.  Pedro's has 50 rooms, two swimming pools, wireless internet and an onsite restaurant and bar serving the country's best thin-crust pizza.  For more information on Pedro's Hotel, please visit http://pedroshotel.com

About Bitcoin

Bitcoin is a peer-to-peer digital currency that can be used to buy and sell goods online without a credit card.  Transactions in Bitcoin are anonymous, irreversible and are completed with very low transaction fees.  For more information about bitcoin, please visit http://www.weusecoins.com/


Contact Info
Peter Lawrence
Proprietor
Pedro's Hotel
cindy@pedroshotel.com
+501-226-3825
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Stephen Gornick
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March 23, 2013, 02:26:41 AM
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The owner of Pedro's Peter Lawrence saw the potential benefits that Bitcoin could bring to his business. Lawrence said, "With Bitcoin we will be able to lower our transaction costs. It's perfectly suited to our type of business where nearly all of our reservations are taken online or over the phone."

Yes, travel is one of the "high risk" merchant account categories in which they aren't paying 3% rates, but instead much higher .. 6% and up even.  So this makes perfect sense!  Additionally, now Pedro's is one of the first to offer it so they'll get additional publicity (and likely revenues) just for being a bricks & mortar merchant that accepts bitcoins.
 
High Risk Merchant Accounts
 - http://bitcointalk.org/index.php?topic=73694.0

Stemby
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July 17, 2013, 06:51:06 PM
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Great!

http://www.openstreetmap.org/browse/node/2270866931
http://coinmap.org/

“…virtual currencies, could have a substitution effect on central bank money if they become widely accepted.”
ECB Report, October 2012
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