In recent months, a large number of companies have added support for cryptocurrencies to their payment systems. Luxury hotel group The Kessler Collection announced Tuesday that it will begin accepting e-currency payments for stays. Support from the Kessler Collection means that eight luxury hotels will be able to accept payments in crypto assets like Bitcoin, Ether, Bitcoin Cash and more.
Kessler Collection now accepts digital currency payments at 8 luxury hotels
As crypto assets continue to rise in value, many merchants and businesses have begun to accept digital assets as payment. The 9th. March 2021, Florida-based luxury hotel group The Kessler Collection announced a partnership with Atlanta-based Bitpay to accept payments in cryptocurrencies.
The adoption means that eight luxury hotels in the United States now accept bitcoin (BTC), bitcoin cash (BCH), Ethereum (ETH), dogecoin (DOGE) and several other assets, including four stablecoins.
Kessler’s properties include Forsyth Park Mansion, JW Marriott Savannah Riverside Factory Complex, Beaver Creek Lodge, Casa Monica Resort & Spa, Elliot Park Hotel, Grand Bohemian Hotel Asheville, Grand Bohemian Hotel Charlotte and Grand Bohemian Hotel Greenville (effective November 2021).
Crypto brings innovation to the hospitality industry and facilitates payments
Richard Kessler, president and CEO of The Kessler Collection, believes that digital currencies are one of the most innovative concepts in the hotel industry today.
I think only cryptocurrencies are accepted, and the partnership with Bitpay allows us to offer more options in the payment process, the Kessler CEO said. Sonny Singh, chief commercial officer of Bitpay, explained that cryptocurrency payments bring more convenience and less friction to the travel industry.
Bitcoin payments are cheaper than credit cards and make it easier for foreign travelers to make payments. Kessler Collection is one of the leading luxury hotel groups and is very innovative and serves its customers by enabling them to pay in bitcoins and cryptocurrencies, Singh added.
The announcement states that each hotel will email an invoice to their guests so they can easily pay with BTC, BCH, ETH, DOGE, USDC, BUSD, GUSD and PAX. Officials at Kessler Collection believe the cryptographic payment concept will save hotel guests a lot of time.
This makes it easier for customers to travel the world, both in terms of saving time when exchanging local currency and in terms of saving money through a lower exchange rate, said Frawi Collazo, CFO of Kessler.
What do you think about Kessler Collection accepting crypto assets for payment via Bitpay? Let us know what you think in the comments below.
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Photo credit: Shutterstock, Pixabay, Wiki Commons, Kessler Collection, Casa Monica Resort & Spa, Beaver Creek Lodge,
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