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The First Hotel in Hungary to Accept Bitcoins

One of the most luxurious hotels in Hungary is witnessing the making of history. The first four-star hotel is the first ever hotel to allow the use of Bitcoin as payment is the Aurora Hotel in Miskolctapolca. The hotel is located in northeastern Hungary and is a well-liked holiday spot because of its thermal hot springs. Aurora Hotel provides the ideal fusion of contemporary conveniences and tranquilly.

Let’s face it, the world of bitcoin is growing everyday and becoming more appealing to many. According to , the reason Bitcoin is so popular is that it allows users to avoid banks and their fees. Money can be sent directly to people without being regulated by anyone.

In fact, one expert described it as “money you can’t shut down.” Another reason for Bitcoin’s success is the prolonged period of low interest rates, particularly following the 2008 financial crisis. The fact that there is a finite supply of Bitcoins is another factor contributing to its popularity making Bitcoin to be valued similarly to gold.

Ferenc Kovács, the hotel’s owner, has taken notice of the same leading him to this creative decision. This decision fuses modern technology with the field of hospitality and tourism.

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Kovács, a fervent proponent of Bitcoin and other cryptocurrencies, showed off in the video how simple it is for visitors to pay for things like coffee in the hotel canteen using a POS terminal and their cryptocurrency wallet as reported by Hungarian Conservative. The Aurora Hotel will accept Bitcoin with a price of $67,697.30 right now, Bitcoin is almost at its all-time high and has increased by more than 50% since the year began.

At the moment of payment, the amount will be converted using the current exchange rate. Kovács clarified in a recent post on that even in cases where a guest chooses to pay with Bitcoin, bills at the Aurora Hotel will still be generated in Hungarian forints. The hotel is expected to draw tech-savvy tourists and cryptocurrency fans from all around the world with its recent decision to accept Bitcoin.