Hospitality entrepreneur Stephen Hargreaves accepts cryptocurrency as a method of payment at his Cranleigh Boutique hotel.
In doing so, the hotel becomes the first location in the Northwest to include Bitcoin, Ethereum, Utrust Token, and Tether as accepted payment methods.
Hargreaves will work with the vendor, UTRUST, to facilitate payments.
Hargreaves said, âWe know that the interest in and use of digital assets is increasing, particularly over the past 18 months as investors seek to diversify their assets during times of economic turmoil. I have been contacted by many customers asking us to include a way to pay for reservations with Bitcoin at The Cranleigh Boutique.
“Although initially uncertain of the level of attractiveness, it is very clear that there is a considerable market for it. It will be a first for us, for the Lake District and for the North West, but we are renowned for our pre-thinking approach and applying pioneering methods to our processes. We know that consumer habits and preferences are changing; we are spearheading this change in our region. “
The newly renovated Cranleigh Boutique offers a variety of accommodation options: a standalone smart villa, Bon Vivant, the Hideout Boutique House, and the Church Suites, all of which can now be booked using Bitcoin.