Bitcoin is now accepted at this popular resort in the Maldives
Bitcoin is making its way into the payment processing hardware of this posh resort in the island nation located in South Asia.
As the global use of cryptocurrencies grows, more consumer brands and businesses, including the hotel and resort industry, are beginning to accept digital assets as payment.
Soneva, a leader in the luxury hotel industry, now accepts Bitcoin (BTC) and Ethereum (ETH) at its properties in Thailand and the Maldives.
Guests at Soneva Fushi, Soneva Jani and Soneva i Aqua in the Maldives, as well as Soneva Kiri in Thailand, can now make secure international payments using the payment system, which is designed to streamline payment processing and provide the highest level of convenience.
Bitcoin: Increasing Payment Options
Soneva has partnered with TripleA, a cryptocurrency payment solutions provider, and payment platform service Pomelo Pay, to increase payment options and improve access to luxury travel.
Bruce Bromley, CFO and Deputy CEO of Soneva, stated:
“At Soneva, we have always strived to be a pioneer in the hospitality industry. Accepting cryptocurrency as a payment method is another example of how we make it easy for our international visitors to make payments from anywhere in the world.”
As a licensed cryptocurrency payment solution provider, TripleA allows Soneva’s guests to pay with crypto risk-free, with instant confirmation and real-time conversions, with no chargebacks.
Soneva resort in the Maldives. Image: Michutravel.
Soneva’s reservations team can be reached instantly from anywhere in the world to book accommodation and establish secure payment methods.
Although Bitcoin and Ethereum payments are non-refundable, cancellation fees may be refunded based on Soneva’s Payment and Cancellation Policy, which was implemented in response to the COVID-19 crisis to provide guests with greater convenience when making reservations.
Global crypto market reaches $5 billion
According to a survey by Allied Market Research, the worldwide crypto market is expected to reach $5 billion by 2030. Cryptocurrency transactions are gaining traction among tourists, local or foreign.
Meanwhile, The Pavilions Hotels & Resorts, headquartered in Hong Kong, was the first hotel chain to start accepting cryptocurrencies for stays at its boutique locations worldwide.
The Leading Hotels of the World affiliate The Chedi Andermatt in Switzerland has recently joined the list of hotels accepting Bitcoin and Ethereum.
Last month, Five Hotels and Resorts, a Dubai-based hospitality company, revealed that it will accept Bitcoin and Ethereum as payment for its services.
BTC total market cap at $452 billion on the daily chart | Source: TradingView.com Featured image from Mike Gingerich, chart from TradingView.com
