5-Star Hotel in Switzerland to Accept Bitcoin Payments Next Month

Switzerland-based five-star hotel The Dolder Grand will start accepting bitcoin payments beginning next month.

Inacta AG, the hotel’s tech partner, revealed the news April 2, stating that the payment option would be available starting May 1.

As soon as the new payment option goes live, guests can pay for food and beverages, accommodation, or spa treatments using bitcoin. Inapay, Inacta AG’s mobile app, will then exchange bitcoin payments into Swiss franc or euro “as soon as the payment has been completed.” This means the hotel itself won’t store the cryptocurrency, according to the statement.

André Meier, the director of finance at The Dolder Grand, said:

“Many of the improvements in our service in recent years were made possible by advances in technology. As we believe Bitcoin is here to stay, it only seems natural to offer more choices in the payment process.”

The bitcoin payment method was presented initially as part of a pilot project with Inacta AG.

Since as early as 2014, hotels around the world have been receiving cryptocurrency payments. CheapAir, a travel agency based in the U.S., began offering service that allows bitcoin users to book hotel accommodations with the cryptocurrency back in February 2014.

Also in July of that year, Canada’s Sandman Hotel Group began accepting bitcoin payments for room reservations. Meanwhile, Casual Hotels in Spain began accepting bitcoin as a form of payments on a pilot basis in February 2019.