Perth hotel checks in new digital currency

0 New owner Alfredo Alongi says benefits include the potential to increased direct bookings

A Perth hotel is to start accepting a newly launched cryptocurrency that describes itself as the most secure coin currently on the market.

The move by The Lovat was sparked by a conversation between new owner Alfredo Alongi and a customer when they discovered they both trade Incognito, which was launched earlier this year by a University of Strathclyde graduate.

The hotel is the cryptocurrency’s first official partner and Alongi said it was cho-

sen for being “accessible and affordable”.

It comes after the hotel recently relaunched under new management, with £250,000 invested in refurbishment, including the opening of a family restaurant.

Alongi highlighted the aim of respecting the hotel’s heritage, but added that it “needs to move with the times”. He added: “Cryptocurrency has the potential to boost direct bookings… there’s no middle man and no additional fees for either party.”