George Residence adopts Bitcoin for payment, reserve

George Residence adopts Bitcoin for payment, reserve

George Residence, a leading pioneer in the hotel shortlet market, has announced its decision to adopt Bitcoin as its primary reserve, as well as, a form of payment.

The luxury shortlet operator, which came to the forefront of the Nigerian hospitality industry in 2020, has now become the first apartment-hotel and one of a select few companies in the country to accept digital currencies as payment.

Yanju George, CEO, George Residence, announced in an official statement that the decision to make Bitcoin their primary reserve asset is to hedge against fiat inflation. He said, “We have…

Report

Leave a Reply

Your email address will not be published. Required fields are marked *