George Residence Becomes the First Hotel to Accept Bitcoin in Nigeria

• Nigerian Luxury apartment, George Residence has announced plans to start accepting Bitcoin as a means of payment

• The initiative allows guests to make reservations and pay bills with the cryptocurrency

• Yanju George, the CEO of George Residence referred to BTC as the currency of the future

The world’s number one cryptocurrency has gained more acceptance in recent times.

Despite a ban on cryptocurrency by the CBN, it has not stopped the growing acceptance of crypto assets.

George residence, one of Nigeria’s major hospitality organizations has announced plans to start accepting Bitcoin as a means of payment.

According to an official source, guests can now make reservations and pay bills using BTC, the world’s largest crypto asset.

The apartment hotel had become one of the first companies in the country to accept cryptocurrency.

The CEO of the organization, Yanju George referred to Bitcoin a the currency of the future and his aim is to strong position the company before total acceptance.

George Residence will partner with Coinest Africa to implement a system that can accept Bitcoin payments from guests.

Apart from the acceptance, the hotel apartment will also make BTC their primary reserve to serve as a hedge against inflation.

Read also: Kraken CEO Expects Bitcoin to Reach $250,000 by 2022

George residence is located at the heart of Lekki and it is known for delivering 5-star hospitality services.

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