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American Luxury Brand, The Kessler Collection Sets Foot On BTC For Payments

As cryptocurrencies continue to rise in value, American luxury brand, The Kessler Collection has started adopting Bitcoin(BTC) and cryptocurrencies for payment options.

According to The Kessler Collection’s Press Release, it is the first in the world to partner with Atlanta company, BitPay, the world’s largest provider of Bitcoin and cryptocurrency payment services. On the historic collaboration, Richard Kessler, chairman, and CEO of The Kessler Collection states:

I believe cryptocurrency is only going to gain acceptance, and partnering with BitPay allows us to offer more choices in the payment process.

The Chief Financial Officer, Fravy Collazo further states

This move will make it easier for guests traveling globally, both in time saved from going to a local currency exchange and in money saved with a lower exchange rate.

Customers will be able to pay in Bitcoin (BTC), Bitcoin Cash(BCH), Ethereum(ETH), Dogecoin(DOGE), along with the four stable coins namely USD Coin (USDC), Binance USD(BUSD), Gemini dollar(GUSD), and Paxos Standard (PAX).

With the onset of coronavirus and its taxing impact on global travel, numerous merchants and businesses have been quick on adopting digital assets for payment, including tourism and hospital industries. It has fuelled the pivot towards digital payment options.

Following the protocols of no-contact travels, airlines have been experimenting with blockchain to prevent the spread of Covid 19. Recently in the month of February,  Air France announced to test a blockchain-based COVID-19 travel system, for its passengers. It has partnered with MedAire, SGS, International SOS, and the International Chamber of Commerce for the pilot-based project.

Crypto travel agency Travala, announced in its February 2020 report, that 68% of all bookings involved virtual currencies.

On explaining the proficiency of crypto payments in the travel industry, Sonny Singh, the chief commercial officer at Bitpay further adds:

Bitcoin payments are cheaper than credit cards and help international travelers make payments easier. The Kessler Collection is one of the premier luxury hotel groups and is being very innovative and catering to their customers by allowing them to pay in bitcoin and cryptocurrency Source:

Source: Cointelegraph



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