Swiss luxury hotel ‘Chedi’ to accept crypto payments

The Chedi Andermatt, a luxury hotel run by billionaire Samih Sawiris, announced it will allow guests to use cryptocurrency as payment

At the reception of The Chedi Andermatt hotel, it is now possible to pay with cryptocurrencies, according to Bloomberg.

According to the official report, this luxury residence under the management of Sami Sawiris now allows its guests to settle their bills with Bitcoin and Ethereum. The company added that in the near future, it plans to add other cryptocurrencies as well.

The company stated it began considering taking cryptocurrencies as payment four years ago but it wanted to make sure transactions would be safe and that price fluctuations can be avoided.

Partnership with Worldline and Bitcoin Suisse

The best suite at the five-star hotel, approximately a 110 kilometers drive from Zurich, can cost thousands of dollars per night, and the hotel announced it is partnering with payment-service provider Worldline as well as Swiss crypto service provider Bitcoin Suisse for the effort.

Also, payments by crypto will be immediately converted into Swiss francs once they are confirmed.

Jean-Yves Blatt, general manager at the Chedi said the company is “making a clear statement to our hotel guests that we are open to new technologies and at the same time offer a new payment experience as an additional service.”

The first European hotel chain that started accepting cryptocurrencies as payment was the Pavilions Hotels & Resorts in June this year. According to its recent report, the hotel is now accepting over 40 different digital currencies.

Disclaimer: The views and opinions expressed by the author should not be considered as financial advice. We do not give advice on financial products.

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