Bahrainian Hotel accepts bitcoin Payment

[LDL]

Finally, Bitcoin is going to enter the world beyond the borders of different countries of the world. A hotel in Bahrain "Novotel Bahrain Al Dana Resort" is set to become the first hotel in the world to offer services to customers through Bitcoin payments. The payment system of this hotel will be through Binance App. The Central Bank of Bahrain has welcomed the hotel's payment system, and has assured that other hotels will be interested in recognizing the bitcoin payment system as implemented by the hotel.

News:https://cryptopotato.com/arab-world-crypto-adoption-leading-bahrainian-hotel-accepts-btc-payments-report/

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We can already book some hotel rooms and flights with Travala using BTC and other cryptos.

But it is nice to see a merchand / hotel accepting direct reservations with BTC (without a third party website managing the reservations I mean). I would love to not involve Binance in it but we cannot have everything 

[Nrcewker]

That’s really a great news for all the Bitcointalk community. My only concern is that, is Bitcoin legal at Bahrain ? If it is, then there won’t be any problem for the hotel to use Bitcoins as a payment. But will they able to deal with the inflation and price fluctuations of Bitcoins? I mean it really takes guts to take such steps when large amount of money transactions is required. But great initiative by the hotel management, and this will also fetch them more customers, as they have additional payment option than the other hotels in that nation. Really Kudos to the management. Let’s see what more updates we can see from this amazing country.

[EarnOnVictor]

Finally, Bitcoin is going to enter the world beyond the borders of different countries of the world. A hotel in Bahrain "Novotel Bahrain Al Dana Resort" is set to become the first hotel in the world to offer services to customers through Bitcoin payments.

It's good to see another establishment accepting our lovely Bitcoin as a payment system, but you should know that it's not the first hotel and luxury house that accepts Bitcoin and other cryptos as payment systems. If you are in doubt, please visit the Nasdaq website: Luxury Houses Accepting Cryptos

Nonetheless, I love the Binance preference, most people use it and by virtue of this, the transaction fee will be free within it, which is a very good deal for both parties.

[Rikafip]

That’s really a great news for all the Bitcointalk community. My only concern is that, is Bitcoin legal at Bahrain ? If it is, then there won’t be any problem for the hotel to use Bitcoins as a payment. But will they able to deal with the inflation and price fluctuations of Bitcoins?

They are not accepting bitcoin directly but instead they are using 3rd party service to do that for them so they won't have to worry about storing bitcoin, its volatility etc as in the end they will get fiat. And if its not legal, do you think that they would offer that kind of service?

Having said that, I don't think that this news is worthy of a topic anymore tbh. Maybe if it happened 7-8 years ago or if they accepted bitcoin directly, but like this not really (still good news though).

[MusaMohamed]

My only concern is that, is Bitcoin legal at Bahrain ? If it is, then there won’t be any problem for the hotel to use Bitcoins as a payment.

Middle East nations are very opened and friendly with cryptocurrencies. You can see many blockchain summits and conferences that were hosted in Middle East nations. It's reasonable if you think it is legal in Bahrain that is located in the Middle East area.

If you want to check and confirm your thought, you can read this report Countries Where Bitcoin Is Banned or Legal In 2022. Cryptocurrencies are legally restricted (not totally prohibited) in Bahrain and you need to have license for your business.

Bahrain. You need a license in order to use crypto-asset services in Bahrain.

Legality of cryptocurrencies in other nations are written in another report from ComplyAdvantage.
Cryptocurrency regulations around the world

Not sure but a progress for their CBDC is either in Research or Development phase but they did made an announcement for Digital Dinar by Central Bank of Bahrain (CBB) in 2018
https://cbdctracker.org/currency/bahrain-digital_dinar
https://www.atlanticcouncil.org/cbdctracker/

[OmegaStarScream]

For those who don't know, Binance partnered with Eazy.net (a well-known payment provider in Bahrain) so now, any service using Eazy services, can start accepting bitcoin (many have already started doing that). This is good for adoption but there's one downside; the users must create Binance accounts if they haven't already. So if you have your BTC in your Electrum wallet, for instance, you can't pay and you must first transfer them to your Binance account.

[Rikafip]

This is good for adoption but there's one downside; the users must create Binance accounts if they haven't already. So if you have your BTC in your Electrum wallet, for instance, you can't pay and you must first transfer them to your Binance account.

That's quite a big downside if you ask me and one of the worst crypto payment implementations I've seen lately. I thought that Binance is there just to exchange crypto to fiat and not to be an actual requirement in order to pay with crypto.

[hyudien]

This is good for adoption but there's one downside; the users must create Binance accounts if they haven't already. So if you have your BTC in your Electrum wallet, for instance, you can't pay and you must first transfer them to your Binance account.

That's quite a big downside if you ask me and one of the worst crypto payment implementations I've seen lately. I thought that Binance is there just to exchange crypto to fiat and not to be an actual requirement in order to pay with crypto.

Because they are affiliated with Binance so I don't think this is official hotel adoption. Because basically, it is Binance that benefits by depositing Bitcoins to Binance. Users have no other wallet option than using an exchange, obviously this is not something the worldwide Bitcoin community should be proud of when visiting there and wanting to book a room. If I had visited there, maybe cash would have been better and not the hassle of handing over my Bitcoins to an exchange.

[OmegaStarScream]

That's quite a big downside if you ask me and one of the worst crypto payment implementations I've seen lately. I thought that Binance is there just to exchange crypto to fiat and not to be an actual requirement in order to pay with crypto.

I'm not familiar with Bahraini laws and regulations, but since The Central Bank of Bahrain was behind this[1][2]. I think it makes sense (for them) to go this route when Binance requires KYC.

[1] https://www.binance.com/en/news/top/7209264
[2] https://www.binance.com/en/support/announcement/binance-launches-its-bahrain-platform-80aa2cd8d2a34474bf4064c00d61cc4f

[yhiaali3]

It is not an acceptance of payment in Bitcoin, but rather by using bank cards, credit cards and cryptocurrencies. This will be done through a partnership with the “Easy Pay” platform that specializes in providing solutions and means of payment, which in turn is in partnership with Binance, meaning that payment will be through the Binance application and not directly.

In addition, payment will be possible not only with Bitcoin, but also with many cryptocurrencies, including Ethereum and BNB, in addition to Bitcoin. Of course, users are forced to register with Binance, so they have to pass KYC.

In short, the news is good, but it is not an acceptance or adoption of Bitcoin.

[AverageGlabella]

For those who don't know, Binance partnered with Eazy.net (a well-known payment provider in Bahrain) so now, any service using Eazy services, can start accepting bitcoin (many have already started doing that). This is good for adoption but there's one downside; the users must create Binance accounts if they haven't already. So if you have your BTC in your Electrum wallet, for instance, you can't pay and you must first transfer them to your Binance account.

Binance are starting to get a Monopoly on cryptocurrency payments and that could spell trouble. I know a couple of people who have their money on the exchange despite me telling them to get their money off of it. Their fees are higher because they know that they are the most famous brand in exchanges and they abuse that position. I would like to see a new competitor because Binance are getting to big. When exchanges get to big something usually happens like recently with the exchange taken all the money and declaring they could not pay it back.

[mendace]

The payment system of this hotel will be through Binance App.

I'm happy to hear this news and that some hotels are also joining the Bitcoin network, but learning that they are using Binance is the last thing I wanted to hear. Accepting Bitcoin payments through a centralized exchange is the worst way to do it. If we want to build a future where everyone can take care of their finances, this is not the right way to go about it.

[m2017]

For those who don't know, Binance partnered with Eazy.net (a well-known payment provider in Bahrain) so now, any service using Eazy services, can start accepting bitcoin (many have already started doing that). This is good for adoption but there's one downside; the users must create Binance accounts if they haven't already. So if you have your BTC in your Electrum wallet, for instance, you can't pay and you must first transfer them to your Binance account.

This is what I don’t like, that I have to use third-party services and the gasket between the user and the hotel represented by binance is not needed at all. Maybe I don't want anyone else to know about my arrival at the hotel in Bahrain. Binance will be able to determine which of the users paid for the services and where. Like it or not, this seems to be how bitcoin payments will be accepted. There will be no direct p2p (user-business) payments with the help of intermediate providers that perform the oversight function.

In general, an interesting idea from the side of the hotel, ideal for advertising purposes. Why is the rest of the business slowing down and using it? Approximate slogans - The first bakery accepting bitcoin! First shoe store to accept btc as payment! At the very least, it will help your business become famous. And if we discard the jokes, then let's see what will be the dynamics of acceptance bitcoin other hotels after the "Novotel Bahrain Al Dana Resort". Will they be able to set a new trend.

[Davidvictorson]

This is a good development in the hotel and tourism sectors. It is happening in the Middle East, and I hope that it will be replicated in other vacation spots in countries and islands like the Maldives, Fiji, Bali, etc. The downside is that if you are concerned about staying anonymous, you may need to have a rethink about staying there as you would need a Binance account for it. As such, I think it is a step in the right direction towards mass adoption of bitcoin. Bitcoin remains king of crypto.

[crwth]

That's the goal of Binance to have access and connection with the traveling/tourism industry because they are showing that BTC can be used in the actual world, and you could benefit from it. I think people don't see it as how we see it in the forum, and there is a company that would show the way, in this case, Binance. I admire what they are doing for the crypto community, and I hope they are not into something like the FTX commotion shit.

[panganib999]

Nice to see larger establishments doing their part in hastening bitcoin's global adoption, but I do think it's also nice to have things take a slower path so the public could easily accept it. Judging how the general public hates NFTs and almost always portrays a caricature of it thanks to multiple money laundering schemes and scams arising from the industry. Don't get me wrong. Again, I think it's actually neat that more and more figures and entities are into crypto, it's even seen as a legitimate form of investment nowadays and not some laughingstock like it was back in 2010s. Anywho, I feel like I'm going off a tangent here but what I really mean is that there has to be a way to naturally sell bitcoin and cryptocurrencies to the public without them hating on it in the process. I've seen some people in here pitch really good methods, I think those should be done more often.

[leonair]

Finally, Bitcoin is going to enter the world beyond the borders of different countries of the world. A hotel in Bahrain "Novotel Bahrain Al Dana Resort" is set to become the first hotel in the world to offer services to customers through Bitcoin payments. The payment system of this hotel will be through Binance App. The Central Bank of Bahrain has welcomed the hotel's payment system, and has assured that other hotels will be interested in recognizing the bitcoin payment system as implemented by the hotel.

If Novotel Bahrain Al Dana Resort is interested in accepting payment in Bitcoin, they should directly accept Bitcoin through a QR code provided without using 3rd party services. Accepting payments in Bitcoin is admirable either way, but accepting direct seems like a smarter payment method.

That’s really a great news for all the Bitcointalk community. My only concern is that, is Bitcoin legal at Bahrain ? If it is, then there won’t be any problem for the hotel to use Bitcoins as a payment.

That is not a lot great news for Bitcointalk, that is good news for Bitcoin lovers and holders  Bitcointalk is a forum where Millions of users come together to discuss about bitcoin,  cryptocurrencies and various technical issues and solve problems. Bitcointalk itself is not a Bitcoin user 

[_BlackStar]

Finally, Bitcoin is going to enter the world beyond the borders of different countries of the world. A hotel in Bahrain "Novotel Bahrain Al Dana Resort" is set to become the first hotel in the world to offer services to customers through Bitcoin payments.

No, it's definitely not the world's first, but it might be the newest.
There are many services and places that have accepted bitcoin as a means of payment before Bahrain did. Then you need to consider El Salvador or any other country that has done it before any of those hotels at Bahrain did.

This is no longer a surprise, but it is definitely expected to increase everywhere throughout the year. I believe it is a good move from one of the hotels in Bahrain, and they probably know that bitcoin will thrive there.

[BigBos]

Finally, Bitcoin is going to enter the world beyond the borders of different countries of the world. A hotel in Bahrain "Novotel Bahrain Al Dana Resort" is set to become the first hotel in the world to offer services to customers through Bitcoin payments. The payment system of this hotel will be through Binance App. The Central Bank of Bahrain has welcomed the hotel's payment system, and has assured that other hotels will be interested in recognizing the bitcoin payment system as implemented by the hotel.

News:https://cryptopotato.com/arab-world-crypto-adoption-leading-bahrainian-hotel-accepts-btc-payments-report/

Slowly one by one people will see that bitcoin is not as bad as what banking influencers say to the media and indoctrinate the public with their rotten sentences, that is good news from Arab land countries which show that they are not allergic to bitcoin. It doesn't matter through any network service, the most important thing is that the world has touched bitcoin well and slowly it will spread like a virus which is very difficult to find a cure for and the bankers in the end can only watch and use bitcoin as a transaction tool and an alternative investment.