Cryptobuyer announced the installation of a special point of sale that will allow the Hotel Tamanaco Intercontinental to accept payments in cryptocurrencies.

Since last Friday, March 6th, the Hotel Tamanaco Intercontinental reported that it enabled a system that will allow them to receive payments in cryptocurrencies. The luxurious hotel located in the city of Caracas, Venezuela, hopes to expand its services with this new payment method available to national and international users.

Through the official twitter account of Cryptobuyer, a company specialized in providing crypto services; its incorporation with the prestigious hotel company was announced.

In this way, the Hotel Tamanaco Internacional enabled a special point of sale for these assets that will run through Cryptobuyer. Until now, the cryptocurrencies that the hotel will accept for its services are Litecoin (LTC), Tether (USDT), Dash (DASH), Binance Coin (BNB), and Bitcoin (BTC).

Cryptobuyer highlighted its efforts to expand its client portfolio, as well as to improve its services in the Latin American country.

“We are pleased to announce our commercial alliance with @ICTamanaco, where today you can enjoy its facilities by paying with #cryptocurrencies through #CryptobuyerPay. This alliance reinforces our commitment to #Venezuela @InterConHotels”.

Cryptobuyer is a company that offers payment services and commercial facilities to companies that seek to implement cryptocurrencies to their businesses. The Panama-based company has already important commercial agreements with other companies in Venezuela.

The main customer in the country is Burger King, the renowned fast-food chain. Besides, Cryptobuyer has a large number of customers throughout the country. According to Jorge Luis Farías, CEO of Cryptobuyer, the client portfolio in Venezuela reaches more than 400 commercial establishments.

The company is present in other Latin American countries such as Colombia, Argentina, and Panama. They hope to expand their businesses in the coming years.

One of the advantages that make the system implemented by Cryptobuyer so attractive for customers is the way of establishing these alliances since the system is completely free for companies that have joined the solution.

By introducing its payment platform into the business, Cryptobuyer receives payments in any of the indicated cryptocurrencies and, in less than 48 hours, the client receives the money in fiat currency in his account. These types of alternatives prove to be very important for companies that live with the economic difficulties of the countries where they operate. Argentina and Venezuela are an example of this.

It is important to note that cryptobuyers perform these payments not only using a point of sale but also through smartphone.

Hence, small entrepreneurs or freelancers can also use the platform to accept cryptocurrencies as payment and receive traditional money in their accounts. This solution would avoid the use of exchange houses or other financial intermediaries.

By the end of January 2020, another important hotel chain, the Eurobuilding Hotel, announced it would be accepting cryptocurrencies as a payment method. Thus, the Hotel Tamanaco Intercontinental is not the first one to use the payment gateway offered by Cryptobuyer in Venezuela.

According to LocalBitcoins data, Venezuela ranks first on the list of countries that use cryptocurrencies for commercialization. However, they clarify that this does not necessarily mean a great impact on the global digital currency markets. Maybe, the use of these platforms is only an alternative to survive the serious crisis the country is facing.

By María Rodríguez


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