Tuesday, October 19, 2021

5-Star Chedi Andermatt Becomes the First Swiss Hotel to Adopt Bitcoin and Ethereum as Payment Method

The Chedi Andermatt, a 5-star hotel based in Switzerland, has reportedly become the first Swiss hotel to accept cryptocurrencies as an official means of payment.

According to the report published by the local media Blick, guests can now start paying their accommodation fees surpassing 200 CHF ($218) using either Bitcoin (BTC) or Ethereum (ETH).

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For now, only the two largest digital currencies, Bitcoin and Ethereum, are being incorporated by the luxurious five-star hotel located in the Swiss Alps. Others may join the list in the future.

The report also added that the guests of the hotel are not exposed to any volatility risk due to the fact that crypto transactions are converted into Swiss Francs immediately after payment confirmation.

The report says that the management of the luxurious hotel has been considering this new development for the past four years.

It is worthy of note that a double room for a single night in the hotel costs over $600, the price limit of the new crypto option seems easily reachable. The Chedi Andermatt hotel is located in the heart of the Alps and offers 123 rooms.

Read Also: PayPal Extends Bitcoin, Ethereum, Bitcoin Cash, and Litecoin Payment Services to United Kingdom (UK)

Reacting to the new development, Jean-Yves Blatt, the Chedi Andermatt’s General Manager, said:

We have long known 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 be able to offer our guests cryptocurrencies as a secure means of payment.”


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Solomon Odunayo
Solomon Odunayo is a cryptocurrency journalist with over 3 years of experience in the crypto industry. He's sternly interested in covering developments of emerging and established blockchain projects.

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