(Bloomberg) The Chedi Andermatt, a luxury hotel controlled by billionaire Samih Sawiris, said it will allow guests to use cryptocurrency to pay for their stay in the Swiss Alps. The hotel will accept both Bitcoin and Ethereum and will consider taking other cryptocurrencies in the future, it said in a statement. A top-end suite at the five-star Chedi Andermatt, about a 110 kilometers (70 miles) drive from Zurich, can cost thousands of dollars per night, according to the hotel’s website. The resort began considering taking cryptocurrencies as a payment option about four years ago, but waited until it was able to ensure transactions would be secure and price fluctuations could be avoided. It’s partnering with payment-service provider Worldline as well as Swiss crypto service provider Bitcoin Suisse for the endeavor. Payments by cryptocurrency will be immediately converted into Swiss francs once they are confirmed, the hotel said. Cryptocurrencies have surged in popularity and intere
Zurich
Züsz
Switzerland
Egypt
Swiss
Egyptian
Chedi-andermatt
Bitcoin-suisse
Samih-sawiris
Jean-yves-blatt
Bloomberg
Canton-takes-taxes
(Bloomberg) The Chedi Andermatt, a luxury hotel controlled by billionaire Samih Sawiris, said it will allow guests to use cryptocurrency to pay for their stay in the Swiss Alps. The hotel will accept both Bitcoin and Ethereum and will consider taking other cryptocurrencies in the future, it said in a statement. A top-end suite at the five-star Chedi Andermatt, about a 110 kilometers (70 miles) drive from Zurich, can cost thousands of dollars per night, according to the hotel’s website. The resort began considering taking cryptocurrencies as a payment option about four years ago, but waited until it was able to ensure transactions would be secure and price fluctuations could be avoided. It’s partnering with payment-service provider Worldline as well as Swiss crypto service provider Bitcoin Suisse for the endeavor. Payments by cryptocurrency will be immediately converted into Swiss francs once they are confirmed, the hotel said. Cryptocurrencies have surged in popularity and intere
Zurich
Züsz
Switzerland
Egypt
Swiss
Egyptian
Chedi-andermatt
Bitcoin-suisse
Samih-sawiris
Jean-yves-blatt
Bloomberg
Canton-takes-taxes