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01 Jun 2020

Swiss Luxury Hotel Accepts Bitcoin Showing Increase in Adoption, CEO

Swiss Luxury Hotel Accepts Bitcoin Showing Increase in Adoption, CEOGuests at one of Switzerland’s top five-star hotels will be able to pay for services in bitcoin starting today. The Dolder Grand announced April 2 — the day on which bitcoin price inflated by 23 percent — that it would begin accepting the cryptocurrency for room reservations, spa treatments, and even for a cup of coffee. Mark Jacob, the hotel’s managing director, told CNN Money that they were testing bitcoin for its widely-publicized potential in the payment industry, adding that they didn’t truly grasp the possibility of its success down the road. The comments followed cases in which retailers dropped bitcoin as a payment option after the service failed to gain traction. According to the blockchain firm Chainalysis, bitcoin’s use in commercial payments dropped as much as 80 p

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