Resort Palazzo Versace Dubai Accepts Crypto

Palazzo Versace Dubai, a hotel and resort completed 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 Waterfront, Palazzo Versace Dubai is offering guests the option to pay with crypto throughout their stay for any number of dining and spa experiences, according to a Wednesday (Sept. 7) press release.

“We continue to be the pioneers of innovation and growth in the hospitality business. Accepting cryptocurrencies as payments is yet another innovative step that we have taken towards making our business future-ready,” Monther Darwish, managing director of Palazzo Versace Dubai and founder of Palazzo Hospitality, said in the release.

See also: CBD To Provide Digital Banking For DMCC-Licensed SMBs In UAE

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

Read more: Binance to Auto-Convert USDC, USDP, TUSD to Its Own

From Sept. 7 forward, the luxury property is teaming with the world’s biggest cryptocurrency exchange Binance to offer people the option of payment with cryptocurrencies like BNB, bitcoin, and ethereum. People will have the option to pay at the property using the Binance application, according to the release.

“Palazzo Versace’s ability to now accept payments in virtual assets is a reflection of how the hospitality industry in Dubai is at the forefront of innovation as we move into a more digital world. Payments is just the beginning and we look forward to building on this partnership together,” Nadeem Ladki, head of business development for Binance in MENA, said in the release.

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