Major hotel in Swiss Alps now allows crypto payments

Cointelegraph

Published Aug 26, 2021 02:00PM ET

Updated Aug 27, 2021 04:00PM ET

After four years of debate, a five-star hotel in a luxurious area of the Swiss Alps is prepared to accept Bitcoin (BTC) and Ether (ETH) as payment from guests.

According to an Aug. 26 report from Swiss news outlet Blick, guests at the Chedi Andermatt hotel are now allowed to settle bills of more than 200 Swiss francs — roughly $218 — using Bitcoin or Ether. Prices are still seemingly set in fiat to reduce any risk of volatility, with the hotel converting any cryptocurrency received immediately into francs.

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