Bitcoin hotel will start paying customers in cryptocurrency

A bitcoin-inspired hotel will be built in Dubai using artificial intelligence technologies and focusing on zero carbon consumption. This was reported by MENA FN journalists with reference to a press release.

The project will be presented on Wednesday, May 24, at the Bella Lounge restaurant of the Grand Millennium Business Bay hotel. According to the project’s developer Salvatore Legiero, the Bitcoin Tower will use a concept that is completely different from traditional approaches.

«This will be the first hotel that will return the money you paid plus interest,» Legiero said.

The hotel will work with a unique approach to rewarding its guests by offering non-fungible tokens with exclusive services. When paying for a room, the guest will actually place money on the token and thus earn interest on the rent.

In addition, any members of the cryptocurrency community can create their own collection of NFTs dedicated to the design of the Bitcoin Tower or its interior. All assets will have the status of «exclusive material value».

The hotel will consist of 40 floors and will become a «monument to bitcoin», embodying the values of its creator Сатоші Накамото" href="https://noworries.media/biography/satoshi-nakamoto/" data-bio-id="4232">Satoshi Nakamoto. The project aims to create a bridge between real estate and the meta-universe.

Back in July 2022, Charles Hoskinson, the founder of Cardano (ADA), told the crypto community about the Spanish Cardano Boutique Hotel Ginebra dedicated to the ADA token. Cardano Boutique Hotel Ginebra owns a part of Cardano shares and produces the Cardano Hotel Podcast. Both fiat money and the ADA digital currency can be used to pay for the reservation.