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Palazzo Versace Dubai, an ultra-luxury hotel on the Jaddaf Waterfront, has partnered with cryptocurrency infrastructure provider Binance to allow guests to use cryptocurrency to pay for dining, accommodation and spa experiences.
Payment can be settled in various cryptocurrencies such as BNB, Bitcoin and Ethereum. These transactions will be made through the Binance payment gateway.
Starting September 7, for in-room stays, restaurants, meetings and events, all guests will have the option to pay at the hotel using the Binance app. The next phase, online payment integration, will go live soon. Palazzo Versace Dubai will also accept cryptocurrency payments on its e-commerce platform, which includes gift certificates and florists.
Monther Darwish, Managing Director of Palazzo Versace Dubai and founder of Palazzo Hospitality, said: “We will continue to be a pioneer in innovation and growth in the hospitality industry. Accepting cryptocurrencies as payment is what we are taking to make our business future-ready Another innovative step.”
Nadeem Ladki, head of business development for Binance in the MENA region, said: “Palace Versace is now able to accept payments in virtual assets, which reflects how the Dubai hospitality industry is at the forefront of innovation as we move into a more digital world. Payments are just a To begin, we look forward to building this partnership together.” – arab trade news agency
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