US Luxury Hotel Brand Added Crypto to List of Viable Payment Methods For Its Offerings

By Warren Hayes | March 24, 2021

The Kessler Collection – a US-based luxury hotel brand – has reportedly added Bitcoin (BTC) and crypto to the list of viable means of payments for its services. 

Specifically, the hotel chain has reportedly formed an alliance with crypto payment gateway service BitPay to roll out the new feature. 

The list of accepted digital coins reportedly covers Ether (ETH), Dogecoin (DOGE), together with four stablecoins – USD Coin (USDC), Paxos Standard (PAX), Binance USD (BUSD), and Gemini dollar (GUSD).

The Kessler Collection has reportedly joined the footsteps of previous luxury brands to collaborate with BitPay to make crypto-enabled payments available for their offerings and services.

Fravy Collazo, the firm’s chief financial officer, reportedly remarked that crypto payments adoption will assist in bringing down the forex burden applied to international customers. 

“This is one of the most innovative concepts in the hospitality industry right now. I believe cryptocurrency is only going to gain acceptance, and partnering with BitPay allows us to offer more choices in the payment process.” Richard Kessler – Head of The Kessler Collection – reportedly stated regarding the development. 

As a matter of fact, a wide array of entities across the tourism and hospitality business – from airlines to travel agencies – have reportedly been expressing a pro attitude towards adopting crypto payments. 

The immense negative effect caused by the ongoing global pandemic has reportedly been a major drive leading to the appearance of virtual currency payment channels, amid the emerging digitization of the sector, as well as the prioritization of contactless protocols.

According to insights from a report by crypto travel agency Travala, 68% of every booking for February this year were carried out in virtual currencies.

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