Dubai Luxury Hotel Palazzo Versace Allows Guests to Pay in Crypto – Recently, the Palazzo Versace, a five-star hotel with facilities in Dubai, announced that it will accept cryptocurrencies as payment for services rendered on its property. Guests staying at Palazzo Versace Dubai will be able to pay their individual hotel bills using bitcoin, ethereum, and binance coin, according to a Business Traveller story.
The luxury hotel will accept cryptocurrency payments from guests using its e-commerce platforms to buy gift vouchers and items in the flower shop, according to the report, which credits Binance, one of the biggest crypto exchange platforms in the world, as its “cryptocurrency infrastructure provider.” Palazzo Versace Dubai has joined the growing number of companies operating there that have accepted cryptocurrencies by doing so.
People Also Read: Dubai Regulator Announces Virtual Assets Marketing and Advertising Guidelines
However, the managing director of Palazzo Versace Dubai and founder of Palazzo Hospitality, Monther Darwish, is cited describing the hotel’s decision to accept crypto payments as one for the future.
Darwish said: “We continue to be the pioneers of innovation and growth in the hospitality business. Accepting cryptocurrencies as payments is yet another innovative step that we have taken towards making our business future-ready.”
Also, remarking on the luxury hotel’s decision to accept crypto payments, Nadeem Ladki, Binance’s business development head in the Middle East and North Africa region, points to the hospitality industry’s lead in embracing such solutions.
People Also Read: Buenos Aires Might Implement Blockchain Systems to Make Social Aid Payments
“Palazzo Versace’s ability to now accept payments in virtual assets is a reflection of how the hospitality industry in Dubai is at the forefront of innovation as we move into a more digital world. Payments are just the beginning and we look forward to building on this partnership together,” explained Ladki.
