Richard Kessler-owned luxury hotel group, Kessler Collection, has reportedly become the first to accept cryptocurrency payments. It partnered with BitPay to deliver this service. The private jet charter firm FlyExclusive also collaborated with BitPay to enable crypto payment.
Cryptocurrency applications and adoption continue to cut across several industries. From the corporate world to sports, entertainment, and now hospitality, its reach is apparently boundless.
Kessler Goes Crypto
American luxury hotel group, Kessler Collection announced that it will start accepting cryptocurrency payments. It will utilize the bitcoin payment service provider, BitPay.
For now, Bitcoin, Ethereum, and Dogecoin will be accepted. Four stablecoins that were not specified will also be accepted, according to the report.
Speaking on the latest development, Kessler Collection’s CEO and Chairman said, Richard Kessler said;
“This is one of the most innovative concepts in the hospitality industry right now. I believe cryptocurrency is only going to gain acceptance, and partnering with BitPay allows us to offer more choices in the payment process.”
Chief commercial officer of BitPay, Sonny Singh, praised Kessler Collection for being innovative in its decision to introduce cryptocurrency payments. Furthermore, he highlighted the ease which digital currency payments will provide for travelers.
“Bitcoin payments are cheaper than credit cards and help international travelers make payments easier,” said Singh.
Headquartered in Orlando, Florida, Kessler Collection is a leading player in the hospitality industry. It owns several premiere hotels in the United States.
FlyExclusive Partners with BitPay
The current wave of institutional adoption is attracting more players seeking to align with the rapidly changing financial landscape.
Premium private jet charter company, FlyExclusive has partnered with BitPay to accept cryptocurrency payment for services. The company’s chairman, Mike Guina said:
“We’re embracing the opportunity to offer cryptocurrency payments as another way to deliver value, convenience, and premium service for our clients.”
BitPay has continued to play a crucial role in the growing institutional bitcoin adoption. Acting as an intermediary, it provides a framework for businesses to accept payments for goods and services using cryptocurrencies.