Luxury hotel chain begins to receive payments with Bitcoin

Bitcoin (BTC) and many leading cryptocurrencies can be used to pay accommodation fees.

Kessler Collection, the US-based elite hotel brand, announced that it will accept cryptocurrency payments.

According to the press release shared on March 9, the hotel chain partnered with crypto payment gateway service BitPay to accept Bitcoin payments.

While Ether (ETH) and Dogecoin (DOGE) are among the other accepted cryptos; Support is also provided for stablecoins named USD Coin (USDC), Paxos Standard (PAX), Binance USD (BUSD) and Gemini dollar (GUSD).

Kessler Collection has joined the luxury brands that partner with BitPay to enable cryptocurrency payments for the products and services it offers.

For Fravy Collazo, the company’s financial manager, adopting crypto payments will help reduce the “forex” burden on guests from all over the world. Commenting on the subject, the company’s CEO, Richard Kessler, said:

“This development is one of the most innovative concepts in the hospitality industry. I believe cryptocurrency will definitely be accepted, and our partnership with BitPay allows us to offer more options in the payment process.”

In fact, from airlines to travel agencies, cryptocurrency payments are rapidly being adopted in the tourism and healthcare industry.

The spread of the Corona virus and its impact on global travel has accelerated the industry’s moves to prioritize digitalization and contactless payment protocols.

In the February 2020 report shared by the travel agency Travala, it was announced that virtual currencies came among the biggest monthly revenue items of the company with 68 percent.

In February, Air France announced that it will test the blockchain-based system to verify the COVID-19 test results of passengers.

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