Guests at one of Switzerland’s top five-star hotels will be able to pay for services in bitcoin starting today.
The Dolder Grand announced April 2 – the day on which bitcoin price inflated by 23 percent – that it would begin accepting the cryptocurrency for room reservations, spa treatments, and even for a cup of coffee. Mark Jacob, the hotel’s managing director, told CNN Money that they were testing bitcoin for its widely-publicized potential in the payment industry, adding that they didn’t truly grasp the possibility of its success down the road.
“Whether exactly this [bitcoin payment] solution will be a permanent and sustainable solution, we don’t know,” stated Jacob. “When you are the first mover or part of the first ones that move, there is always a risk that the solution will not gain traction. But I think it would be a failure if you don’t give it a try.”
We are very proud to have taken a step towards accepting crypto currency.
The Dolder Grand is the very first luxury hotel in Switzerland where guests can pay with Bitcoin.https://t.co/fqE7C0kAA8#bitcoin #Switzerland #Financial #economy #luxuryhotel #thedoldergrand #zurich #new pic.twitter.com/iG8co6KTA7— The Dolder Grand (@DolderNews) March 29, 2019
To Bitcoin or Not To Bitcoin
The comments followed cases in which retailers dropped bitcoin as a payment option after the service failed to gain traction. According to the blockchain firm Chainalysis, bitcoin’s use in commercial payments dropped as much as 80 percent in 2018.
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