Bobby Hotel, Kessler Collection, Dolder Grand Now Accepting Cryptocurrency
The cryptocurrency rage is quickly finding it way into the hospitality industry as hotels and resorts throughout the world have begun accepting Bitcoin and other cryptocurrency services as forms of payment.
Bobby Hotel has become the first hotel in Nashville, and one of the first independent properties in the country, to accept cryptocurrency as a form of payment for overnight reservations and event bookings. In partnership with BitPay, the world’s largest provider in cryptocurrency services, guests of Bobby Hotel will now have the ability to utilize Bitcoin, Ethereum, Dogecoin and stable coin for their reservations and stays in Music City.
“As Bitcoin and cryptocurrency become more widely accepted forms of payment globally, it was important to find a way to provide our guests with the access and convenience of utilizing these currencies when visiting Bobby,” said Jeff Crabiel, Area General Manager of Bobby Hotel. “We’re thrilled to lead the charge within Nashville in accepting cryptocurrency through our partnership with BitPay, as we continue to seek out opportunities to better serve our guests, and the needs of today’s traveler.”
Guests utilizing cryptocurrency for their stays at Bobby Hotel will simply scan a QR code upon check-out, allowing for payment through their individual crypto wallet. Alongside room reservations, cryptocurrency is now accepted for event bookings including wedding, meetings and private group dinners hosted at Bobby Hotel.
According to Coinbase, a crypto wallet is a place where you can securely keep your crypto. There are many different types of crypto wallets, but the most popular ones are hosted wallets, non-custodial wallets and hardware wallets. The easiest to set up crypto wallet is a hosted wallet. When you buy crypto using an app like Coinbase, your crypto is automatically held in a hosted wallet. It’s called hosted because a third party keeps your crypto for you, similar to how a bank keeps your money in either a checking or savings account.
The Kessler Collection is recognized as the first U.S. luxury hotel group to accept cryptocurrency as a form of payment, and the first in the world to partner with BitPay, the world’s largest provider of Bitcoin and cryptocurrency payment services. All eight corporate owned hotels in the collection will accept Bitcoin, Ethereum, Dogecoin and several others including four stable coins as payment to cater to the growing demand.
“This is one of the most innovative concepts in the hospitality industry right now,” said Richard Kessler, chairman and CEO of The Kessler Collection. “I believe cryptocurrency is only going to gain acceptance, and partnering with BitPay allows us to offer more choices in the payment process.” With locations from Savannah to St. Augustine and Beaver Creek to Charlotte, in lieu of cash or credit cards, each property will send an email invoice allowing all guests to pay from their crypto wallet through BitPay. Customers will be able to pay in BTC, BCH, ETH, DOGE, and stable coins USDC, BUSD, GUSD, and PAX.
In Switzerland, the Dolder Grand – a renowned luxury hotel – is now offering guests the option of settling their bills in Bitcoin. Andre Meier, Managing Director of Dolder Hotel AG, explained, “We always want to offer our guests more, and technology plays an essential role in this. After all, new technological developments have made many improvements possible in recent years. In May 2019, we have introduced Bitcoin as a payment option for our guests with Bitcoin credit. With the latest offer of a crypto ATM in the hotel, our service is now complemented and further optimized.”
According to Meier, the invoice amount is entered in Swiss Francs in the Inapay app, on the iPod located at the points of sale. The app generates a QR code, the customer scans the QR code with their crypto wallet and confirms the transaction. He said, “We offer our guests the possibility to use their crypto credit as a normal means of payment in everyday situations.”