The Kessler Collection, an American luxury hotel brand, has started accepting bitcoin (BTC) and cryptocurrencies as payment.
According to a press release issued Tuesday, the hotel chain has partnered with crypto-currency payment gateway BitPay to accept bitcoin.
Other accepted crypto currencies include Ether (ETH), Dogecoin (DOGE) and four coins – USD Coin (USDC), Paxos Standard (PAX), Binance USD (BUSD) and Gemini Dollar (GUSD).
Kessler Collection is now the latest luxury brand to partner with BitPay to offer crypto payments for its goods and services.
For Fravy Collazo, the company’s CFO, the introduction of crypto payments will also reduce the burden of currency for international customers. Richard Kessler, CEO of the company, said of the decision.
This is one of the most innovative concepts in the hotel industry today. I think cryptocurrencies will only benefit from their adoption, and the partnership with BitPay allows us to offer more options in the payment process.
From airlines to travel agencies, different aspects of the travel and hospital industry have been rapidly moving to payments in cryptocurrency.
The Corona virus attack and its impact on global travel has also likely accelerated the shift to virtual currency payment channels as the industry begins to digitize and prioritize contactless protocols.
In its February 2020 report, travel company Travala revealed that 68% of all bookings for the month were made in virtual currency, with the company recording the highest monthly revenue figures.
In addition to using crypto payments, airlines and other players are also exploring blockchain in the fight against the spread of COVID-19.
Back in February, Air France announced it would test a blockchain-based system to verify KOVID-19 test results for passengers.
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