Dubai 5-Star Hotel and Ukrainian Superstore Chain Embrace Crypto Payments

Five-star hotel Palazzo Versace Dubai has started accepting cryptocurrencies as payment for accommodation, dining and spa services.

Guests can use BTC, ETH and BNB to pay their bills, which will be processed through the Binance payment gateway.

Palazzo Versace accepts crypto payments

The 146-room ultra-luxury property on Jaddaf Waterfront will also accept crypto payments for merchandise, mainly gifts and vouchers, on its e-commerce platforms, it said in a PR.

“Palazzo Versace’s ability to 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 this partnership together,” Nadeem Ladki, Head of Business Development at Binance in the MENA region, said of the development.

Ukrainian supermarket chain accepts Crypto

In a similar development, Ukrainian retailer Varus, which has more than 100 department stores in the country, will now accept cryptocurrency payments through Binance Pay.

This makes Varus the first supermarket in Europe to accept Binance Pay. Customers can buy food and groceries using cryptocurrency payments in nine Ukrainian cities: Kyiv, Dnipro, Kamianske, Brovary, Nikopol, Vyshhorod, Kryvyi Rih, Zaporizhzhia and Pavlograd.

Last month, CryptoPotato reported that two of Ukraine’s largest tech retailers, Technozhak and Stylus, will allow their customers to pay using bitcoins in their more than 100 stores.

Crypto payments in other countries

In recent months, there have been a few notable events of cryptocurrency adoption by stores and other commercial establishments.

In June, Swiss luxury watchmaker Hublot launched a limited collection of 200 watches called the Big Bang Unico Essential Grey. These watches were only available on Hubolt’s e-Boutique platform in the US, where customers can pay in cryptocurrency. The company will use BitPay to process crypto payments.

Similarly, Prague’s iconic tram line number 42, which was now used to take tourists on a sightseeing tour of the capital, allowed them to pay in crypto.

A month earlier, soccer team RCD Espanyol became the first Spanish club to allow fans to buy tickets by paying in cryptocurrency. The club has partnered with Crypto Snack to help with crypto payments.

Featured image courtesy of Arab Business


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