Dubai Hotel Has Reached an Agreement with Binance to Accept Payment in Crypto

05/31/2022By: C, Fiona

A hotel in Dubai will allow guests to pay in cryptocurrency after joining the payment gateway managed by binance.

Binance has been assisting the Manor Hotel by Ja to develop a cryptocurrency payment gateway, which can be accessed through the hotel website. According to Gulf News, users can use Binance coin (BNB), Bitcoin (BTC) and Ethereum (ETH) to book rooms and pay for services.

 

Manor is One of the Top Eco-Friendly Boutique Hotels in Dubai

Mohammed Hanif Al Qassim, managing partner of Manor Hotel, said:” considering the position of Manor Hotel in Dubai’s top eco-friendly boutique hotels, virtual assets are consistent with the sustainable development and digital transformation vision of Manor Hotel.”

“Binance has been actively cooperating with mature local enterprises and institutions to further improve the adoption of cryptocurrency by our users and the entire cryptocurrency community. Richard Teng, regional head of binance “Middle East and North Africa (MENA), said:” our cooperation with leading innovative enterprises such as JA is in line with our vision to strengthen the adoption of cryptocurrency throughout the region.”

It is reported that the gateway will be accessed through the manor’s official website and follow strict security measures to protect the rights of customers and business owners.

Cryptocurrency Payments Enter More and More Markets

In recent months, the commodity acceptance of cryptocurrency has become higher and higher. In April, eurosports global, a luxury and super car dealer in Singapore, began to accept the digital assets of Lamborghini and Alfa Romeo cars. The company cooperates with fomopay to accept BTC, ETH, tether (USDT) and USD coin (USDC).

Bitpay cooperates with AMC chain cinemas to allow customers to purchase tickets with dogecoin (Doge). The world’s largest cinema chain has accepted Bitcoin and Ethereum payments through PayPal since August.

Some hotels even use non forgeable tokens (NFT) to avoid cancelling reservations when guests approach the reservation rate and holding unnecessary inventory.