The five-star luxury hotel Dolder Grand, established in 1899 is is one of the most famous brands in Switzerland. Inacta AG, a Zug-based fintech firm and the tech partner of the Zurich-based hotel, announced that as of May 1, it will roll out an option for BTC payments.
Inacta will be releasing an app for mobile crypto payments, called Inapay. Guests will be able to use the option to pay for spa treatments in the hotel, food and beverages or to make reservations.
Customers will use the BTC in their own wallets to pay, the transaction will be sent to the Swiss crypto exchange Bity, who will then convert the BTC into Swiss Francs or Euros immediately. The completed transaction will be sent to the hotel and the hotel itself will not be dealing directly with any cryptocurrencies.
“Many of the improvements in our service in recent years were made possible by advances in technology,” said Dolder Grand’s Director of Finance, André Meier. “As we believe Bitcoin is here to stay, it only seems natural to offer more choices in the payment process”.
Small Businesses Will Use The App To Accept Cryptocurrency Payments Soon
In November last year, Inacta hired a team of experienced industry veterans for the creation of its dedicated Crypto Assets unit. This unit helps banks and other financial institutions on their “journey to fully understand their needs and implement the technologies that will shape the future of the financial industry, from infrastructure to service offerings built on it”.
Roger Darin, Head of Blockchain Advisory at Inacta said the Inapay app allows vendors, who may be cautious about handling cryptocurrencies directly, to accept this kind of payment.
“It is my hope that some day an array of small businesses, such as hairdressers, will use Inapay to accept cryptocurrency payments from their customers,” he said.
The Bitcoin payment option was part of a pilot project between Inacta and the hotel.
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