“Five Hotels and Resorts” in Dubai Will Accept Bitcoin and Ethereum Payments

A prominent Dubai hotel and resort is moving into Europe and intends to accept BTC and ETH payments.

Cryptocurrencies are gaining recognition in a variety of economic areas around the world. The hospitality business appears to be catching up swiftly.

One big Dubai-based hotel firm intends to expand into the Swiss capital and begin taking cryptocurrency payments for bookings and services.

About FIVE Hotels and Resorts

The company in question is FIVE Hotels and Resorts, which is based in Dubai. It already operates two locations in the area, FIVE Jumeirah Village and FIVE Palm Jumeirah. At any given time, the hotel is 94 percent full.

FIVE Hotels and Resorts is now preparing to open a new location in Zurich, Switzerland, and this time it will be a one-of-a-kind resort. Crypto payments, notably Bitcoin and Ethereum, will be accepted at the new Zurich branch. FIVE Zurich will begin operations on June 30th and will accept cryptocurrency payments immediately.