Local Swiss media reported on Thursday The Chedi Andermatt, a luxury hotel owned by billionaire Samih Sawiris, said it will allow guests to use cryptocurrencies to pay for their stay in the Swiss Alps.

The five-star luxury hotel located in the most luxurious and secret ski area in Switzerland-Andermatt, that was founded in 2013 . According to a Swiss news medium Blick reportThe Chedi Andermatt Hotel stated that it will now accept Bitcoin and Ethereum-based cryptocurrencies to pay for hotel expenses worth more than 200 Swiss francs.

As with traditional payment methods such as bank or credit cards, payment in crypto does not bear any risk of price fluctuations, as the hotel converts this into Swiss francs immediately after confirmation – the legal currency of Switzerland.

The general manager of the hotel, Jean-Yves Blatt stated:

“We have known for a long time that cryptocurrencies also have a future in hotel operations. 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 offer our guests cryptocurrencies as a secure means of payment. “

For Chedi Andermatt with hundreds of rooms and suites, the lowest price in the main season is around 1300 francs per night.

Bitcoin and Ethereum were trading at $ 47,103.82 and $ 3,111.56, respectively, at the time of writing, according to Coinmarketcap. According to the current transaction price, the main season is around 0.03 BTC or 0.45 ETH per night.

Chedi Andermatt is not the only resort group that accepts payments in cryptocurrency. In July of this year, the luxury hotel and resort group Pavilions also accepted cryptocurrency bookings and became the first international luxury boutique hotel group by accepting cryptocurrencies for reservations of up to 40 types of cryptocurrencies.

Not only have hotels started accepting cryptocurrency payments, but real estate developers have started following the cryptocurrency trend and adding it to many payment methods.

As reported by Blockchain.News on May 7th Arte by Antonio Citterio, a high-end luxury condominium in Miami, announced that it will now accept cryptocurrency as a payment method for new housing developments and the purchase of exclusive condominiums.

Image source: Chedi Andermatt

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