Dubai 5-star hotel and Ukrainian supermarket chain embrace crypto payments

The five-star hotel Palazzo Versace Dubai has started accepting cryptocurrencies as payment for accommodation, dining and spa services.

Guests can use BTC, ETH and BNB to pay their bills, which will be processed through the Binance payment gateway.

Palazzo Versace accepts crypto payment

The 146-room ultra-luxury property ln Jaddaf Waterfront will also accept crypto payments for goods, mainly gifts and coupons, on its e-commerce platforms, a PR said.

“Palazzo Versace’s ability to now accept payments in virtual assets is a reflection of how the hospitality industry in Dubai is at the forefront of innovation as we move into a more digital world.

Payments are just the beginning and we look forward to building on this partnership together,” Nadeem Ladki, Head of Business Development for Binance in the MENA region, said of the development.

Ukrainian supermarket chain accepts crypto

In a similar development, Ukrainian retailer Varus, which has over 100 superstores in the country, will now accept cryptocurrency payments through Binance Pay.

This makes Varus the first supermarket in Europe to accept Binance Pay. Customers can buy food and groceries through cryptocurrency payments in nine Ukrainian cities – Kyiv, Dnipro, Kamianske, Brovary, Nikopol, Vyshhorod, Kryvyi Rih, Zaporizhzhia and Pavlograd.

Last month, The crypto potato reported that two of Ukraine’s largest tech retailers, Techno Їzhak and Stylus, will allow their customers to pay through bitcoin at their 100-plus stores.

Crypto payments in other countries

In recent months, there have been quite a few notable incidents of crypto adoption by stores and other commercial businesses.

In June, Swiss luxury watchmaker Hublot launched a limited collection of 200 watches called the Big Bang Unico Essential Grey. These watches were made available only on Hubolt’s US e-Boutique platform, where customers can pay in cryptocurrencies. The company will use BitPay to process the crypto payments.

Similarly, Prague’s iconic tram line number 42, now used to take tourists on a sightseeing tour around the capital, allowed them to pay with crypto.

A month earlier, soccer team RCD Espanyol became the first Spanish club to allow fans to buy tickets by paying in cryptocurrencies. The club has partnered with Crypto Snack to help it with crypto payments.

Featured image courtesy of Arabian Business