The 5-Star Hotel Palazzo Versace Dubai Embraces Crypto Payments

Palazzo Versace Dubai, a five-star hotel, has begun taking Bitcoins as payment for accommodation, dining, and spa services. Guests can pay their bills using BTC, ETH, and BNB, which will be handled through the Binance payment gateway.

According to a press release, the 146-room ultra-luxury resort ln Jaddaf Waterfront will also accept cryptocurrency payments for products, mostly presents and vouchers, on its e-commerce platforms.

Nadeem Ladki, head of Business Development for Binance in the MENA region, said on the development:

“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.”

Guests can now pay for room stays, restaurants, meetings, and events, all the guests will have the option to pay at the property using the Binance application.

The next phase, online payment integration, will go live soon after. Palazzo Versace Dubai will also accept cryptocurrency payments on their eCommerce platforms which include Gift Vouchers and Flower Shops.

There have been several significant instances of crypto adoption by retailers and other business organizations in recent times.

As CoinCu recently reported, Ukrainian retailer Varus, which has over 100 superstores in the country, will now accept cryptocurrency payments through Binance Pay.

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