Bitcoin has entered the hospitality industry with a luxury hotel chain adopting the cryptocurrency as a form of payment.
The Kessler Collection, a hotel brand, has started accepting Bitcoin and other cryptocurrencies.
According to a statement issued this week, the chain has partnered with payment service BitPay to start accepting Bitcoin.
Other cryptos being accepted include Dogecoin (DOGE), Ether (ETH), USD Coin (USDC), Binance USD (BUSD), Paxos Standard (PAX), and Gemini dollar (GUSD).
The hotel chain is now the latest luxury company to join with BitPay to enable crypto payments for their customers.
Fravy Collazo, the company’s CFO, says allowing crypto payments will also aid in reducing the forex burden on international customers. Stating that:
“This is among the most innovative ideas in the industry currently. I think cryptocurrency will only gain more acceptance, and joining with BitPay lets us offer more choices to our customers.”
Indeed, from travel agencies to airlines, several parts of the hospitality industries have quickly adopted cryptocurrency payments.
The coronavirus pandemic and its impact on travel has also accelerated the change towards digital currency amid the prioritization of contactless protocols.
In its 2020 report, crypto travel agency Travala reported that 68% of bookings for the month of February were with digital currencies.