Ukraine’s First Futuristic Capsule Hotel Set to Accept Crypto

Ukraine's first futuristic capsule hotel is set to open in Kiev (aka Kyiv) on August 20. And it will be accepting crypto as one of the payment options.

Although capsule hotels have been popular in Asia for decades, Ukraine will see its first high-tech capsule hotel open for business on August 20 in Kiev (the capital of the country).

This branch of the Monotel chain will be known as "Bessarabka" (presumably due to its proximity to the square of the same name in the center of the city; Monotel wants to open additional capsule hotels in Kiev, as well as in other major Ukrainian cities, including Lviv and Odessa.

Here are a couple of photos showing the outside and inside of these capsules/pods:

Monotel Kiev - photo 4.jpeg

Monotel Ukraine - photo 2.png

There are two types of capsules: single ("monocapsule") and double ("couples"). An overnight stay in a monocapsule costs UAH 950 (currently, approximately $37).

However, from our point of view, one of the most interesting things about this capsule hotel chain is that it is going to accept crypto from day one with the help of Paytomat, an Estonian crypto payments processor that has been offering its services to small businesses in Ukraine since 2018.

Earlier today, Paytomat confirmed that they are working with Monotel to allow cryoto payments by sending out the following tweet:

According to Paytomat, Monotel will be accepting over 20 cryptocurrencies:


All Images Courtesy of Monotel

Crypto-Friendly Digital Bank Revolut Raises $500 Million at $5.5 Billion Valuation

Francisco Memoria

The cryptocurrency-friendly digital bank Revolut has raised $500 million in a Series D round of funding that’s valuing the company at $5.5 billion. Over the years, Revolut raised $836 million.

According to TechCrunch, the venture capital firm TCV is leading the round and other existing investors are also participating in it. Revolut hasn’t shared the names of these firms, but DST Global, Index Ventures, and Balderton Capital have all invested in the firm.

Revolut is a digital bank that’s seemingly looking to help replace traditional bank accounts with an app that helps users manage their finances. Using the Revolut app it’s possible to send, spend, and receive money. It also issues a debit card for its users.

The fintech firm has added various features, including the ability to buy stocks or invest in cryptocurrencies. In March 2019, as CryptoGlobe reported, it started offering stop orders for trading major cryptos like BTC, ETH, XRP, LTC, and BCH.

The $500 million are set to be used to improve the user experience for Revolut’s 10 million users, as well as its revenue. Specifically, the digital bank is looking to offer its users lending services, and it has already started doing so as in the U.K. it offers savings vaults. Nik Storonsky, Revolut’s co-founder and CEO, said:

Going forward, our focus is on rolling-out banking operations in Europe, increasing the number of people who use Revolut as their daily account, and striving towards profitability.

While the firm doesn’t share specific number when it comes to its transaction volumes or customers, TechCrunch reports its number of users grew by 169% in 2019, while daily active customers grew by 380% in the same period.

Revolut is currently available in the U.K., Europe, Singapore, and Australia. It’s focusing on launching in the U.S. and Japan.

Featured image via Pixabay.