Luxury hotel in the Swiss Alps accepting crypto payments

The Chedi Andermatt, a luxury hotel in the Swiss Alps, has announced that guests can now use cryptocurrency to pay for their stay.

Initially, the hotel will accept both Bitcoin and Ethereum, but will consider taking other cryptocurrencies in the future. Swiss crypto service provider Bitcoin Suisse, along with payment service provider Worldline, will facilitate crypto payments for the hotel. Cryptocurrency payments are immediately converted to Swiss francs upon confirmation, the hotel said.

The resort initially considered taking cryptocurrencies as a payment option about four years ago. However, he decided to wait until he could make sure that transactions would be secure and price fluctuations could be dealt with appropriately.

“We make it clear to our customers that we are open to new technologies and at the same time offer a new payment experience as an additional service,” said Chedi Managing Director Jean-Yves Blatt.

The hotel is controlled by billionaire Samih Sawiris, whose fortune comes from Egyptian real estate. Sawiris has teamed up with other investors to spend more than $ 1 billion to redevelop a disgraced ski resort Andermatt. Located about 110 kilometers (70 miles) from Zurich, an upscale five-star hotel suite can cost thousands of dollars per night.

Luxury hotel payments

While notable for its importance, the Chedi isn’t the first luxury hotel to accept cryptocurrency as a form of payment. Earlier this year, Richard Kessler-owned luxury hotel group Kessler Collection reportedly became the first to accept cryptocurrency payments. The luxury hotel group used Bitpay’s services to enable these transactions.

At the time of the announcement, Bitcoin, Ethereum, and Dogecoin, as well as four unspecified stablecoins were accepted. Based in Orlando, Florida, Kessler Collection is a leading player in the hospitality industry. It owns several top-notch hotels in the United States.

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