- Palazzo Versace Dubai currently accepts bitcoin for goods and services in the UAE.
- Customers can pay for events, spa experiences, and other services on the website using the Binance app.
- The resort plans to roll out online payment integration for bitcoin in the near future.
Palazzo Versace Dubai, a luxury resort in the United Arab Emirates (UAE), is currently accepting bitcoin and several cryptocurrencies as payment for services, according to a Press Release.
The resort has partnered with Binance, the world’s largest cryptocurrency exchange, allowing its customers to pay with bitcoin. Starting September 7, customers will be able to use bitcoin to pay for room stays, restaurants, meetings, events, and spa experiences. All guests now have the option to pay at the property using the Binance app.
Monther Darwish, chief executive officer of Palazzo Versace, said: “We continue to be pioneers of innovation and growth in the hospitality business. “Accepting cryptocurrency as payment is another innovative step we have taken to make our business future-ready.”
The next phase of the launch will see the resort’s online payment integration and is expected “soon”. Once integrated, Palazzo will accept the new form of payment through its e-commerce platform, which also allows customers to purchase gift cards and browse their flower shop.
“The ability of Palazzo Versace to now accept payments with virtual assets is a reflection of how the hospitality industry in Dubai is at the forefront of the industry,” said Nadeem Ladki, head of business development for Binance in the region. in innovation as we transition to a more digital world. .
Ladki concludes: “Payments is just the beginning and we look forward to building this partnership together.