A boutique hotel in Nashville is now accepting Bitcoin and other cryptocurrencies for room and event bookings, according to Nashville Business Journal.
Located in downtown Nashville, the Bobby Hotel boasts city-themed rooms, a rooftop lounge, and its own 1963 Lincoln Continental that you can take out for a ride around town.
Guests can now pay for a booking using Bitcoin payment service BitPay.
The service manages the cryptocurrency payment on behalf of the hotel, meaning that guests can pay with Bitcoin Ethereum or a range of stablecoins (cryptocurrencies pegged to fiat money, such as the US dollar). You can even pay with Dogecoin, which BitPay added last month.
Who’s actually paying with Bitcoin?
“As Bitcoin and cryptocurrency become more widely accepted forms of payment globally, it was important to find a way to provide our guests with the access and convenience of utilizing these currencies when visiting Bobby,” said Jeff Crabiel, area general manager of Bobby Hotel, in a press release.
The hospitality sector has already begun to embrace cryptocurrency, with booking platforms like CheapAir and Travala taking payment in Bitcoin and other cryptocurrencies; the latter has also launched partnerships with mainstream travel sites including Booking.com and Expedia.
Outside of hospitality, organizations including Tesla, the NBA's Dallas Mavericks, and MLB's Oakland Athletics have started accepting cryptocurrency.
But while more companies may be accepting Bitcoin, consumers are proving reluctant to part with their cryptocurrency holdings, especially as crypto prices keep rising. The Oakland A’s, which said they’ll accept one Bitcoin for a full-season suite, have yet to be taken up on their offer.
It’s something that begs the oft-repeated question of whether Bitcoin is really used as a currency, or more of a store of value.