It’s nice to see business owner take initiative to add bitcoin as a payment method in their business. I’m excited about this development in Lagos, there has been a lot of criticism on members claiming to adopt bitcoin payment in their business, most of which are Nigerians. This move by this Nigerian hotel shows the level bitcoin holds in the country and how open minded Nigerians are. This is just one among many others we are yet to discover.
The owner probably knows about bitcoin and thinks that it's probably a good idea to add bitcoin as a payment option, pretty significant move but in a country like Nigeria, I think that it's much better if they can influence other businesses to do this to really make a difference. I am all for bitcoin being used for commerce and stuff but I don't really see it as the best solution because if you've been in bitcoin or crypto space for a while now, you really don't like spending bitcoin instead you want to accumulate more, it's like you are paying stocks to buy snacks or stay in a hotel.
Most likely this is the case, and we also know that Nigerian is one country that is really on top as far as crypto goes, not just bitcoin. So maybe we shouldn't be surprised at all with this news.
Or it could set another precedence as well when hotels are going to accept bitcoin as payment. I remember back years ago when there is a supposedly airline companies that accepts bitcoin as well. So maybe in luxury travel, perhaps in the future bitcoin is going to be big in this sector.
We definitely will see more businesses accept BTC for payment real soon because of the awareness of BTC in this country already. The hotel accepting this would lead other to follow suit as others keenly watch how the government and regulators would react to this news from the George Residence hotel.
What I think is that more people and businesses will get to accept BTC for payments more, after the halving activity has been initiated and implemented as expected, next year.
BTC has assured its customers of being durable, valuable and reliable to some extent than altcoins or even our local fiat can prove to be.
It's a welcomed development.