A five-star hotel in a luxurious area of the Swiss Alps is prepared to accept Bitcoin and Ether as payment from guests.
Guests at the Chedi Andermatt hotel are now allowed to settle bills of more than 200 Swiss francs using Bitcoin or Ether. Prices are still seemingly set in fiat to reduce any risk of volatility, with the hotel converting any cryptocurrency received immediately into francs.
The hotel’s general manager Jean-Yves Blatt stated
“We have long known that cryptocurrencies also have a future in hotel operations and In the course of the increasing spread and acceptance of cryptocurrency payments, we are proud to be one of the first Swiss luxury hotels to be able to offer our guests cryptocurrencies as a secure means of payment.”
Opened in 2013, the Chedi Andermatt has 123 rooms and suites going for as low as 1,300 francs per night in the high season, or roughly 0.03 BTC or 0.45 ETH. While many businesses have begun to adopt digital assets, Switzerland has long been friendly to crypto users.
