Fun

Dubai Luxury Hotel Palazzo Versace Allows Guests to Pay in Crypto

News Feed - 2022-09-13 05:09:43

Dubai Luxury Hotel Palazzo Versace Allows Guests to Pay in Crypto


Guests staying at Palazzo Versace Dubai have, since September 7, had an option to settle payment for services rendered via cryptocurrency. The hotel also plans to add the crypto payment option to its e-commerce platforms to enable guests to pay for gift vouchers using digital currencies. Cryptocurrency Infrastructure Provider


A luxury hotel based in Dubai, Palazzo Versace, recently said it would allow guests to pay for services offered at its premises using cryptocurrency. As stated in a Business Traveller report, starting on September 7, guests staying at Palazzo Versace Dubai are able to settle their respective hotel bills using bitcoin, ethereum, and binance coin (BNB).


According to the report, Binance, one of the world’s largest crypto exchange platforms, is the luxury hotel’s “cryptocurrency infrastructure provider.” Besides allowing guests to use crypto when paying for dining, stays and spa experiences, the hotel will also accept crypto payments from guests using its e-commerce platforms to buy gift vouchers and items in the flower shop.


By accepting crypto, Palazzo Versace Dubai joins the growing list of businesses operating in the country that have embraced cryptocurrency.


‘Pioneers of Innovation in the Hospitality Business’


Meanwhile, the managing director of Palazzo Versace Dubai and founder of Palazzo Hospitality, Monther Darwish, is quoted 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.


“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. Tags in this story Binance, Bitcoin, bnb, Cryptocurrency, e-commerce, Ethereum, Innovation, Palazzo Versace Dubai


What do you think about this story? You can share your thoughts in the comments section below. Terence Zimwara


Terence Zimwara is a Zimbabwe award-winning journalist, author and writer. He has written extensively about the economic troubles of some African countries as well as how digital currencies can provide Africans with an escape route. IMF Bailout Approval Helps Zambian Kwacha Take the Russian Ruble"s Position as World"s Best Performing Currency EMERGING MARKETS | Sep 3, 2022 Bitfinex CTO Paolo Ardoino States Salvadoran Bitcoin Bonds to Be Further Delayed EMERGING MARKETS | Sep 1, 2022


Image Credits: Shutterstock, Pixabay, Wiki Commons, Ritu Manoj Jethani / Shutterstock.com Previous articleUruguay Introduces Cryptocurrency Law in Parliament Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer 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 is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article. Read disclaimerShow comments More Popular NewsIn Case You Missed ItCentral Bank of Brazil Confirms It Will Run a Pilot Test for Its CBDC This Year


The Central Bank of Brazil has confirmed that the institution will run a pilot test regarding the implementation of its proposed central bank digital currency (CBDC), the digital real. Roberto Campos Neto, president of the bank, also stated that this ... read more.Bitcoin ATM Operator Indicted in New York Allegedly Running Illegal Business Attracting Criminals Survey: Adoption in Argentina Grows, With 12 out of 100 Adults Having Invested in Crypto Ethereum Foundation"s Financial Report Discloses It Holds $1.6 Billion in Assets, 80.5% Held in Ether Terra"s Algorithmic Dollar-Pegged Crypto UST Is Now the Third-Largest Stablecoin

News Feed

Ethereum Total Value Locked Reaches Highest Level Since 2022 After Crossing $90 Billion, Will Price Follow?
Este artículo también está disponible en español. Ethereum, the second-largest cryptocurrency after Bitcoin, has reached a significant milestone after its Total Value Loc
If History Repeats Dogecoin Has Potential For A Parabolic Rally – Details
Este artículo también está disponible en español. Dogecoin (DOGE) has faced significant volatility, with the price plunging 45% from its multi-year high of $0.48. Despite
Bitcoin, Ethereum Technical Analysis: BTC Falls Below $22,000 to Start the Week
Bitcoin, Ethereum Technical Analysis: BTC Falls Below $22,000 to Start the Week Bitcoin started the week in the red, as Monday saw prices fall for a second consecutive session. Fol
$2.4 Trillion Stimulus Package Proposed in US With Second Direct Payments to Americans
$2.4 Trillion Stimulus Package Proposed in US With Second Direct Payments to AmericansA new stimulus package costing about $2.4 trillion is being prepared in the U.S. that includes
Canada Has Approved Two Bitcoin ETFs — First One Starts Trading Today
Canada Has Approved Two Bitcoin ETFs — First One Starts Trading Today Two bitcoin exchange-traded funds (ETFs) have been approved in Canada. Evolve Bitcoin ETF
SUI Shows Relative Strength Against Bitcoin – New Uptrend In Play?
Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and pu
David Attlee42 minutes agoTerraform Labs appoints new CEO from existing team: ReportChris Amani, a Terra employee since 2021, has reportedly been serving as the company’s CEO for months.218 Total views6 Total sharesLis
Multibillion Dollar Fund Manager Ruffer Sees Long Trend of Institutional Bitcoin Adoption
Multibillion Dollar Fund Manager Ruffer Sees Long Trend of Institutional Bitcoin Adoption British investment management firm Ruffer has revealed that its bitcoin
Economics Professor Tyler Cowen Says Cryptos Useful as Hedges or Forms of Payments – ‘Not Both’
Economics Professor Tyler Cowen Says Cryptos Useful as Hedges or Forms of Payments – "Not Both" Tyler Cowen, an economist and professor at George Mason Univers
Soneium blockchain launched by Sony to attract Web3 developers
Pradipta Mukherjee33 minutes agoSoneium blockchain launched by Sony to attract Web3 developers Sony Block Solutions Labs, a year-old joint venture between Sony Group and Startale, has introduced an Ethereum Layer-2 bloc
XRP Daily RSI Trendline Breaks Down – What It Means For Price
Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and pu
Trudeau Criticizes Opponent’s Crypto Advice, Kiyosaki Pushes the Assets Ahead of the ‘Biggest Economic Crash in History’ — Bitcoin.com News Week in Review
Trudeau Criticizes Opponent"s Crypto Advice, Kiyosaki Pushes the Assets Ahead of the "Biggest Economic Crash in History" — Bitcoin.com News Week in Review Canadian Prime Minister