Palazzo Versace Dubai Resort Accepts Crypto

Palazzo Versace Dubai, a completed hotel and resort in Culture Village by Dubai Creek in Dubai, United Arab Emirates (UAE), is now accepting cryptocurrency payments for dining, stays and spa experiences.

Located on the Jaddaf beachfront, Palazzo Versace Dubai offers guests the option to pay in crypto throughout their stay for unlimited dining and spa experiences, according to a press release on Wednesday 7 september.

“We continue to pioneer innovation and growth in the hospitality industry. Accepting cryptocurrencies as payments is another innovative step we have taken to prepare our business for the future,” said Monther Darwish, Managing Director of Palazzo Versace Dubai and Founder of Palazzo Hospitality, in the statement.

See also: CBD to provide digital banking services to SMEs under DMCC license in UAE

Guests now have the option to pay in crypto for room stays, restaurants, meetings, and events. Palazzo Versace Dubai will also accept cryptocurrency payments on its e-commerce platforms, including gift vouchers and flower shops.

Read more: Binance automatically converts USDC, USDP, TUSD into its own

Starting September 7, the luxury property is partnering with the world’s largest cryptocurrency exchange, Binance, to offer people the option to pay with cryptocurrencies like BNB, bitcoin, and ethereum. People will have the option to pay on the spot using the Binance app, according to the release.

“Palazzo Versace’s ability to now accept payments in virtual assets reflects how Dubai’s hospitality industry is at the forefront of innovation as we move into a more digital world. Payments is just the beginning and we look forward to growing this partnership together,” Nadeem Ladki, Binance MENA Business Development Manager, said in the statement.

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