Cryptocurrency

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).

Read Also: deVere Group CEO: Ethereum (ETH) Value Will Overtake That Of Bitcoin (BTC) Within Five Years

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.”


Follow us on Twitter, Facebook, Telegram, and Download Our Android App

Solomon Odunayo

Solomon is a trader, crypto enthusiast, and analyst with over four years of experience in the industry. He strongly believes that crypto assets and the blockchain will continue to gain prominence. At TimesTabloid.com, he focuses on news, articles with deep analysis of blockchain projects, and technical analysis of crypto trading pairs.

Recent Posts

Are $1 SHIB, $600 SOL, and $10 XRP Possible? This XRP Alternative Could Deliver 5000% Gains Instead!

Cryptocurrency enthusiasts are buzzing about the potential for massive gains in popular tokens. There's speculation…

4 minutes ago

Pro-XRP Lawyer States Two Key Reasons Why Bitcoin Will Sustain Rally

Attorney Jeremy Hogan, a prominent figure in the XRP community, recently outlined two key developments…

31 minutes ago

Shiba Inu to $1: Achievable, but Watch Out for This Rising Rival That Could Get There Faster!

Shiba Inu has been stirring excitement among crypto enthusiasts, with hopes of its value reaching…

2 hours ago

XRP, SHIB, DOGE Win Coinbase Significant Inclusion

The U.S.-based cryptocurrency exchange Coinbase has launched a new index fund, the COIN50, which tracks…

2 hours ago

Is This AI Altcoin a Better Buy Than ETH and SOL? 5,000% Potential Predicted!

A new artificial intelligence cryptocurrency is making waves, with experts suggesting it might surpass established…

3 hours ago

Ripple vs SEC: Fox Business Journalist States What Trump Would Do If Gensler Doesn’t Go Willingly

Now that Donald Trump is the president-elect of the U.S., a central part of his…

3 hours ago