FIFA World Cup 2018: Crypto for Betting, Hotels, Booze and Flights

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FIFA World Cup 2018: Crypto for Betting, Hotels, Booze and Flights

Sat Jun 23, 2018 4:36 am

Crypto at World Cup
In the four years since the last World Cup, cryptocurrencies have grown immensely. The proliferation of the industry came to a head last year, as Bitcoin, Ethereum and a number of altcoins reached all time highs.

With that being said, football fans were able to bet on the 2014 World Cup in Brazil with Bitcoin using Bitkup’s platform.

While the markets have cooled considerably, the availability and ease of access to cryptocurrency wallets and exchange platforms has continued to grow.

This seems to be the case at the World Cup in Russia. Another factor is that Russia is still operating under economic sanctions.

Put simply, cryptocurrency gives visitors and fans the ability to quickly and easily withdraw rubles — the Russian currency — using cryptocurrency.

Bitcoin for hotels, booze and flights
In the build up to the tournament, Kaliningrad hotel chain Apartments Malina announced that customers would be able to book and pay for accomodation using Bitcoin.

The manager of the chain, Anna Subbotina, said the move was a forward-thinking initiative that could blaze the trail for the hotel industry:

"Cryptocurrencies are now enjoying increased interest. Gradually, they will come into use as a means of payment. And we decided that the fans should be able to pay for our services with the help of this innovative technology. It may very well be that other hotels awaiting [sic] our example for the forthcoming football holiday.”


https://cointelegraph.com/news/fifa-wor ... nd-flights

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