Swiss Alps 5-Star Hotel is Switzerland’s First Luxury Hotel to Accept Bitcoin

Mark Emem
Updated
The Dolder Grand, with scenic views of Zurich Lake and the Swiss Alps, is the country's first luxury hotel to accept bitcoin. | Source: The Dolder Grand
The Dolder Grand, with scenic views of Zurich Lake and the Swiss Alps, is the country's first luxury hotel to accept bitcoin. | Source: The Dolder Grand

Switzerland’s five-star hotel The Dolder Grand has announced that guests can now settle their bills in bitcoin or ether. In a tweet, the Zurich-based luxury hotel announced it was the first facility of its kind to accept cryptocurrency payments.

The crypto payment feature is being facilitated by fintech firm Inacta. The fintech firm has developed an app that allows guests to pay for hotel services from their bitcoin wallets. Bity, a Swiss cryptocurrency exchange, will convert the cryptocurrencies into fiat currencies. In future Inacta will extend the number of cryptocurrencies that customers can pay in.

Bitcoin Hodlers Need Not Touch Fiat…

According to Inacta’s blockchain advisory head, Roger Darlin, the app is targeting ‘hodlers’:

It is aimed at customers who have built up legitimate cryptocurrency holdings and who don’t want to convert them into traditional currencies, such as Swiss francs. This also allows vendors, who may be cautious about handling cryptocurrencies directly, to accept payments from these clients.

This coincides with Fortune 500 firm Avnet revealing it is accepting crypto payments after partnering with crypto payments firm BitPay.

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