In the past few months, many companies have been adding cryptocurrency support to their payment systems. On Tuesday, the luxury hotel group The Kessler Collection announced that it would accept digital currency payments for accommodation. The support of Kessler Collection means that eight luxury hotels will be able to accept payments in crypto assets (such as Bitcoin, Ethereum, Bitcoin Cash, etc.).
Kessler Collection now accepts digital currency payments in 8 luxury hotels
While encrypted assets continue to increase in value, it has inspired many merchants and companies to start accepting digital assets for payment. On March 9, 2021, the Florida-based luxury hotel group The Kessler Collection announced that it has partnered with Atlanta company Bitpay to accept crypto asset payments.
Acceptance 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 Tower, Savannah Botanic Riverside JW Marriott Hotel, Beaver Creek Lodge, Casa Monica Resort and Spa, Elliott Park Hotel, Asheville Wave The Grand Hotel Hemia, the Grand Bohemia Hotel Charlotte and the Grand Greenwich Hotel Bohemia (opening in November 2021).
Encryption adds innovation to the hospitality industry by simplifying payment methods
Richard Kessler, Chairman and CEO of The Kessler Collection, believes that digital currency is “one of the most innovative concepts in the hotel industry.”
Kessler executives pointed out: “I believe that cryptocurrencies will only be recognized, and the cooperation with Bitpay allows us to provide more choices in the payment process.” Bitpay’s Chief Commercial Officer Sonny Singh explained , Encrypted payment makes the tourism industry easier and less frictional.
“Bitcoin payments are cheaper than credit cards and can help international travelers make payments more easily. Kessler Collection is one of the most important luxury hotel groups. By allowing customers to pay in Bitcoin and cryptocurrencies, It is highly innovative and can meet customer needs.”
The announcement details that each hotel property will send email invoices to guests so that they can easily make payments using BTC, BCH, ETH, DOGE, USDC, BUSD, GUSD and PAX. Executives at Kessler Collection believe that the concept of encrypted payment makes it a reality, so hotel guests can save more time.
Fravy Collazo, Kessler’s chief financial officer, insisted: “This will make it more convenient for travelers to the world, saving time for local currency exchange and saving the cost of lower exchange rates.”
What do you think of Kessler Collection accepting crypto assets for payment via Bitpay? Let us know your thoughts on this topic in the comments section below.
Picture Credits: Shutterstock, Pixabay, Wiki Commons, The Kessler Collection, Casa Monica Resort & Spa, Beaver Creek Lodge,
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