In Switzerland, the number of hotels equipped with on-site Bitcoin ATMs is increasing. The latest announcement comes from The Dolder Grand, a luxury hotel and spa in Zurich, which recently installed a crypto ATM that supports four cryptocurrencies.

Bitcoin ATMs are becoming more and more popular in hotels

Dolder Grand announced on Monday that the hotel has installed a cryptocurrency ATM for guests to buy and sell cryptocurrency on site. The announcement stated:

So far, guests of the Dolder Hotel Zurich can buy and sell cryptocurrency on site-conveniently on a crypto ATM. The equipment of Swiss cryptocurrency financial expert Värdex Suisse makes this possible.

Hotel guests can use the machine to purchase four cryptocurrencies-Bitcoin, Bitcoin Cash, Litecoin and Ethereum in Swiss francs and Euros. They can also sell BTC at the price of Swiss francs.

Last year, Dolder Grand started accepting Bitcoin for overnight stays, food, beverages and spa treatments. According to the announcement:

Since the outbreak of the coronavirus crisis, the demand for cryptocurrencies has increased significantly. Many people use Värdex machines to gain initial experience with cryptocurrencies.

The encrypted ATM installed by The Dolder Grand is operated by Värdex Suisse, which owns the largest encrypted currency ATM network in Switzerland. Värdex was founded in 2017 and was derived from Bitcoin Suisse AG. Located in the cryptocurrency valley of Zug, the company is a regulated Swiss financial intermediary.

Värdex Suisse has installed encrypted ATMs in approximately 70 locations in Switzerland. According to data from the cryptocurrency ATM tracking website Coinatmradar, Switzerland currently has 102 crypto ATMs, making it the country with the sixth highest number of cryptocurrency ATMs.

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In addition to the Dolder Hotel, other hotels that have installed the Värdex Suisse cryptocurrency ATM include Hotel 46a, Parkhotel, Régina Hotel, Zurich Hilton Hotel and Hecht Gottlieben Hotel. The company stated that hotel guests “actively took advantage of the opportunity to easily buy and sell cryptocurrencies on ATMs.”

Do you think all hotels should use Bitcoin ATM? Let us know in the comments section below.

Picture Credits: Shutterstock, Pixabay, Wiki Commons, The Dolder Grand

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