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Bitcoin on the Rise in Thailand’s Tourism Industry

Pair of resorts on Koh Samui's highest rated beach become two of Thailand's first to accept Bitcoin, Ethereum, and other cryptocurrencies, representatives report

KOH SAMUI, Thailand - September 6, 2017 /MarketersMedia/

The value of the Bitcoin digital currency has more than tripled since the beginning of the year, and more merchants are beginning to accept it. At Koh Samui's best beach of all, two top resorts have become some of Thailand's first to take payments made by Bitcoin, Ethereum, and other popular cryptocurrencies.

As Crystal Bay Beach Resort and Crystal Bay Yacht Club lead the way, others in Thailand's tourism industry are starting to see the value of following in their footsteps. With Bitcoin now being accepted in a place many regard as paradise, Beachfront Resort Lamai guests can even earn a special discount by entering code "VIP" online when they pay with any form of cryptocurrency.

"Like so many others, we've been fascinated for years by the technology, usefulness, and potential of Bitcoin and other cryptocurrencies," said Crystal Bay Beach Resort and Crystal Bay Yacht Club representative Tom Darwin. "That's why we're so proud to announce that we have become two of the first resorts in Thailand to welcome Bitcoin, Ethereum, and other popular digital currencies. Our guests are already reporting how happy they are that their Hotel accepts Bitcoin. Relaxing in one of the world's most beautiful places has just become even easier and more satisfying."

The Bitcoin cryptographic currency was released to the public in 2009 by a pseudonymous software engineer whose true identity remains unknown. Based around a distributed model whereby computing devices worldwide authenticate and sign a shared ledger of transactions, the currency was originally worth only fractions of a penny but currently trades at around 2,600 U.S. dollars per virtual coin.

The island of Koh Samui is one of Thailand's most popular tourist destinations. Located on what Trip Advisor users have rated the best beach on the entire island, Crystal Bay Beach Resort and Crystal Bay Yacht Club offer a wide range of top quality accommodations and amenities to guests. With both resorts now accepting Bitcoin and other digital currencies, website visitors can secure a special discount by entering code "VIP" when paying with cryptocurrencies.

About Crystal Bay Beach Resort and Crystal Bay Yacht Club:
Providing direct access to one of Thailand's most beautiful and secluded beaches, the Crystal Bay Beach Resort and Crystal Bay Yacht Club offer a wide range of accommodations in a truly stunning setting.

Contact Info:
Name: Tom Darwin
Organization: Crystal Bay Beach Resort and Crystal Bay Yacht Club
Address: 209 Moo 4, Haad Thongtakian, Lamai, Maret Koh Samui, Suratthani 84310 Thailand
Phone: +66 (0) 93 832 7226

Source URL: https://marketersmedia.com/bitcoin-on-the-rise-in-thailands-tourism-industry/236456

For more information, please visit https://crystalbaysamui.com/

Source: MarketersMedia

Release ID: 236456

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