First Cryptocurrency Theme Hotel To Be Launched In Brazil

Cryptocurrencies are day by day doing what they were designed to do: being a secure, decentralized alternative to centralized payment systems. But, as all things that happen in our society, cryptocurrencies have also influenced other aspects of our culture, from literature to even architecture. Many books have been written about cryptocurrencies and many books will be written from now on. But for architecture, there has not been much of it besides some monuments. But now, an architect in Rio de Janeiro has taken the initiative of building the first cryptocurrency theme hotel called Hostal Bitcoin.
According to the local cryptocurrency journal Portal do Bitcoin, this will be the first hotel that will be officially accepting bitcoin as payment. The architect who build the hotel, Alessandro Santos, cites the recent surge in cryptocurrency popularity as the main reason for launching this initiative. The hotel is located on a remote beach of Parati, a location just 200 kilometers outside Rio.
The launch of this hostel marks a clear victory for cryptocurrency fans all around the country. In a first wave, the only cryptocurrency that will be accepted will be Bitcoin, but Alessandro told that he plans to accept Ripple, Monero, and “every cryptocurrency that he can exchange using a Bittrex account”. Bittrex is a popular cryptocurrency exchange that likely he will use to receive and handle payments for the hotel.
And for Alessandro, accepting cryptocurrencies has also given a boost to his upcoming business: the inauguration for the hotel is slated for August 16, and for that day all rooms are reserved. This goes to show the opportunity that accepting cryptocurrencies gives to business.
Adoption of cryptocurrencies in South America has been a little slow, although in countries like Venezuela it has been fueled by the economic crisis that the country is facing in the last years.

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