- As mentioned in previous blog articles Hotel Ginebra has quickly become famous in the cryptocurrency world for accepting ADA as a form of payment as the first business in the world. That compares perhaps with being the first business that ever accepted payment by credit card in the world, so obviously we are very pleased to be the first!
For those of you who are not familiar with cryptocurrencies, the most famous “coin” is called Bitcoin. Now around for nearly a decade, Bitcoin was designed to faciliate peer to peer payment without having to rely on the services of a third party middleman such as a bank or a credit card company for example.
But as much as Bitcoin was revolutionary, it was also quite rudimentary. Meanwhile many years have passed and there are other cryptocurrencies that can do the same as Bitcoin, but do it better, faster and offer other completely new features as well.
Here at Hotel Ginebra we are always interested in new tecnologies, especially when they seem to offer new exciting scenarios in the hotel industry.
As mentioned, after due eloborate investigation we have chosen ADA as the cryptocurrency to accept payments with. So…is ADA the new Bitcoin?
The answer is yes……….and no.
Because yes, just like Bitcoin also ADA can transfer value (money) by means of an encrypted message between people without the help of a middleman.
But no, because ADA can do a lot more then just that. It would go to far to explain all it’s features and capabilities here but if you are curious please visit www.cardanohub.org, the website of the Cardano Foundation, or https://iohk.io, the website of the company that is in charge of the tecnical development of the project and finally the Emurgo website https://emurgo.io.
We have been fortunate enough to meet up with the core team of Cardano in Lisbon recently who have explained us where the development is going.
To stay updated please visit cardanoroadmap.com .
One thing is for sure: there are exciting times ahead of us in the cryptocurrency industry with Cardano as one of the main players and Hotel Ginebra intends to be part of that upcoming revolution.
We hope to be able to bring you some exciting news soonabout a more improved way to pay for your stay at Hotel Ginebra with ADA.
To download the ADA Daedalus wallet (to make payments or receive payments with ADA), click here: https://daedaluswallet.io/