Starting September 7, guests staying at Palazzo Versace Dubai had the option to pay for services in cryptocurrency. The hotel plans to add a crypto payment option to its e-commerce platforms to allow guests to pay for gift vouchers using digital currencies.
Cryptocurrency infrastructure provider
The luxury hotel Palazzo Versace in Dubai recently announced that it will allow guests to pay for on-site services using cryptocurrency. Starting September 7, guests staying at the Palazzo Versace Dubai will be able to settle their hotel bills using bitcoin, ethereum and binance coin (BNB), according to a Business Traveler report.
According to the report, Binance, one of the largest crypto exchange platforms in the world, is a luxury hotel “cryptocurrency infrastructure provider”. In addition to allowing guests to use crypto to pay for dining, lodging and spa experiences, the hotel also accepts crypto payments from guests using e-commerce platforms to purchase gift vouchers and items at the flower shop.
By accepting cryptocurrency, Palazzo Versace Dubai joins the list of businesses operating in the country that have accepted cryptocurrency.
‘Innovative Pioneers in the Hospitality Business’
Meanwhile, Monzer Darwish, managing director of Palazzo Versace Dubai and founder of Palazzo Hospitality, is reported to have revealed that the hotel has decided to accept crypto payments as one in the future. Darwish said:
We continue to be pioneers of innovation and growth in the hospitality business. Accepting cryptocurrencies as payment is another new step we’ve taken to future-proof our businesses.
Also, when announcing the luxury hotel’s decision to accept crypto payments, Binance’s head of business development in the Middle East and North Africa region, Nadeem Ladki, points out that the hospitality industry is at the forefront of adopting such solutions.
“Palazzo Versace’s ability to now accept payments in virtual properties is a reflection of Dubai’s hospitality industry being at the forefront of innovation. “Payments is just the beginning and we look forward to building on this partnership together,” Ladki said.
What do you think about this story? You can share your thoughts in the comments section below.
Image credits: Shutterstock, Pixabay, Wiki Commons, Ritu Manoj Jethani / Shutterstock.com
DisclaimerThis article is for informational purposes only. It is not an offer or solicitation to buy or sell, or a recommendation or endorsement of any products, services or companies. Bitcoin.com does not provide investment, tax, legal or accounting advice. Neither the Company nor the Author shall be liable, directly or indirectly, for any damages or losses arising out of the use of or reliance on any content, goods or services referred to in this paragraph.