Luxury resort chain now accepts Bitcoin and Ethereum as payment in Maldives and Thailand

Luxury resort chain now accepts Bitcoin and Ethereum as payment in Maldives and Thailand
1 month ago
2 mins read

With the growing acceptance of cryptocurrencies worldwide, more businesses are starting to accept digital assets as payment, including the hospitality sector.

Soneva, a leader in the high-end hotel industry, now accepts Bitcoin (BTC) and Ethereum (ETH) at its properties in the Maldives and Thailand, as per a report by Business Traveller published on August 15.

Guests at Soneva Fushi, Soneva Jani, and Soneva in Aqua in the Maldives, as well as Soneva Kiri in Thailand, may now confidently make safe international payments using the payment channel, which is meant to simplify the transaction procedure and provide the ultimate peace of mind. 

Whatsmore, Soneva Villa Ownership is the first and only plan in the Maldives to provide real estate to overseas buyers, and both Bitcoin and Ethereum may be used for this, with the necessary safeguards and compliance in place. 

Chief financial officer, and deputy CEO of Soneva, Bruce Bromley, said: 

“At Soneva, we have always endeavoured to be a pioneer in the hospitality industry, hence accepting cryptocurrencies as a payment method is another example of enabling our international guests to easily make payments from anywhere in the world,”

Soneva wants to make luxury travel more accessible

Together, Soneva and TripleA, a provider of cryptocurrency payments solutions, and Pomelo Pay, a payment platform provider, want to make luxury travel more accessible by accepting a wider variety of payment methods. 

TripleA, a licensed supplier of cryptocurrency payments solutions, allows visitors at Soneva to pay in cryptocurrencies without worrying about price fluctuations. This is possible because TripleA provides quick confirmation, locked-in exchange rates, real-time conversions, and no chargebacks. 

When combined with Pomelo Pay, a frictionless payment platform, it allows users to make purchases using cryptocurrencies through QR codes and payment links. 

Soneva’s reservations team may be contacted directly from anywhere globally to make bookings and set up secure payment channels.

Although Bitcoin and Ethereum payments are non-refundable, cancellation fees may be refunded in accordance with Soneva’s accommodating payment and cancellation policy, which was implemented in the wake of the Covid-19 outbreak to give visitors more peace of mind when making reservations.

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Jordan Major

Jordan is an investor and market analyst. He's passionate about stocks, ETFs, blockchain, and digital assets. At Finbold.com, he delves into the technicalities to obtain future trends for new market traders and gives insights into user-friendly platforms for beginners.