The Kessler Collection, an American luxury hotel brand, has begun to accept bitcoin (BTC) and cryptocurrencies as a method of payment.

According to a press release issued on Tuesday, the hotel chain has entered into a partnership with encrypted payment gateway BitPay to start accepting bitcoins.

Other accepted cryptocurrencies include Ether (ETH) and Dogecoin (DOGE), as well as four stable coins – USD Coin (USDC), Paxos Standard (PAX), Binance USD (BUSD) and Gemini Dollars (GUSD).

Kessler Group is now the latest luxury brand to partner with BitPay to offer cryptocurrencies for its products and services.

According to Fravi Collazo, the company’s CFO, approval of cryptocurrency payments will also help reduce the burden on foreign visitors. In a comment on the move, CEO Richard Kessler said:

“This is one of the most innovative concepts in the hotel industry right now. I believe that the cryptocurrency will only gain recognition, and the partnership with BitPay allows us to offer more options in the payment process. ”
In fact, from airlines to travel agents, many aspects of the travel industry and hospitals have rushed to accept cryptocurrency payments.

The emergence of coronavirus and its impact on global travel is also likely to accelerate the axis towards virtual currency payment channels among new digitizations in the industry and prioritization of contactless payment protocols.

In its report from February 2020, the crypto travel agency Travala found that 68% of all bookings this month were in virtual currency when the company registered the largest monthly revenue figures.

In addition to using cryptocurrencies, airlines and other stakeholders are also exploring the blockchain to combat the spread of COVID-19.

Air France announced in February last year that it would test a blockchain-based system to validate the results of COVID-19 passenger tests.

Source: CoinTelegraph

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