The Chedi Andermatt, a 5-star hotel located in the Swiss Alps, now accepts payments in cryptocurrency. First, the establishment accepts Bitcoin (BTC) and Ether (ETH). The hotel relies on the payment system made available by Worldline and Bitcoin Suisse.
As Crypto-Auditor now knows, the Chedi Andermatt, a luxury hotel nestled in the Swiss Alps, will now accept payments in cryptocurrency, Bloomberg reports in an article published on August 27, 2021.
The establishment will allow its residents to pay the bill in Bitcoin (BTC) or Ether (ETH) from an amount of 200 Swiss francs, or 185 euros. According to the press release, this payment option has been under discussion for 4 years. The hotel plans to accept other digital currencies in the future.
Fearing to expose itself to the volatility of digital currencies, the Chedi Andermatt will continue to display its prices in fiat currencies. In the same vein, all cryptocurrencies paid by customers will be automatically converted into Swiss francs as soon as the transfer has been confirmed.