After joining a payment gateway administered by Binance, a hotel in Dubai will allow guests to pay in cryptocurrency.
Binance has been aiding The Manor Hotel by JA in developing a crypto payment gateway accessible via the hotel’s website.
Users can use Binance Coin (BNB), bitcoin (BTC), and Ethereum to book rooms and pay for services (ETH).
The Manor is one of Dubai’s finest eco-friendly boutique hotels.
“Virtual assets go in line with The Manor’s vision for sustainability and digital transformation, considering its position among top eco-friendly boutique hotels in Dubai,” The Manor Hotel’s Managing Partner Mohammed Hanif Al Qassim said.
“Binance has been actively engaging established local businesses and institutions to further increase the adoption of crypto for our users and the crypto community as a whole. Our partnership with leading, innovative businesses, such as JA are in line with our vision to enhance crypto adoption across the region,” said Richard Teng, Regional Head of Binance in the Middle East and North Africa (MENA).
According to the article, the gateway will be accessible via The Manor’s official website, with rigorous security measures in place to safeguard both customers’ and company owners’ rights.
Crypto payments are being accepted in an increasing number of markets.
In recent months, there has been an increase in the adoption of cryptocurrencies for items. EuroSports Global, a luxury and supercar distributor based in Singapore, began collecting digital assets for Lamborghini and Alfa Romeo vehicles in April. The company has collaborated with FomoPay to accept Bitcoin (BTC), Ethereum (ETH), Tether (USDT), and USD Coin (USDC).
Furthermore, BitPay has teamed with the AMC Theaters chain to allow customers to purchase tickets with Dogecoin (DOGE). Since August, the world’s largest cinema chain has accepted bitcoin and Ethereum payments through PayPal.
Some hotels are even adopting non-fungible tokens (NFTs) to prevent retaining superfluous inventory if a guest cancels their reservation at the end of the booking period.