Richard Kessler-operated luxury hotel group Kessler Collection is reportedly the first to accept cryptocurrency payments. It has partnered with BitPay to provide this service. Private jet charter company FlyExclusive has also partnered with BitPay to enable crypto payment.
Cryptocurrency applications and their adoption continue to be cross-industry. From the corporate world to Sports, Entertainment and now hospitality, its range is apparently limitless.
Kessler goes crypto
The American luxury hotel group Kessler Collection announced that it will accept cryptocurrency payments. It will use the Bitcoin payment service provider BitPay.
For now, Bitcoin, ether, and Dogecoin will be accepted. According to the information, four unspecified stable coins are also accepted the report.
Richard Kessler, CEO and Chairman of the Kessler Collection, said of the latest development:
“This is currently one of the most innovative concepts in the hotel industry. I believe that cryptocurrency will only find acceptance, and the partnership with BitPay allows us to offer more choices in the payment process. “
Sonny Singh, BitPay’s Chief Commercial Officer, praised Kessler Collection for its innovation in introducing cryptocurrency payments. He also highlighted the ease that digital currency payments offer travelers.
“Bitcoin payments are cheaper than credit cards and help international travelers make payments easier,” said Singh.
The Kessler Collection, headquartered in Orlando, Florida, is a leader in the hospitality industry. It owns several first class hotels in the United States.
FlyExclusive works with BitPay
The current wave of institutional adoption attracts more actors who want to adapt to the rapidly changing financial landscape.
FlyExclusive, a premium private jet charter company, has partnered with BitPay to accept cryptocurrency payments for services. The company’s chairman, Mike Guina, said:
“We use the opportunity to offer payments in cryptocurrency in order to offer our customers added value, convenience and premium service.”
BitPay continues to play a vital role in the increasing adoption of institutional bitcoin. As an intermediary, it offers companies a framework to accept payments for goods and services with cryptocurrencies.
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