Swiss-based Luxury Hotel to Accept Bitcoin and Ether

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Grand Hotel Dolder, a five star luxury hotel located in Zurich, has announced plans to start accepting bitcoin (BTC) and ether (ETH) from clients via a smartphone cryptocurrency payments app jointly developed by Inacta, a Zug-based fintech firm, and Bity, a crypto trading platform, reports Finews on March 28, 2019.

Hotel Dolder Embrace Cryptos

Per sources close to the matter, Hotel Dolder, one of the top luxury hotels in crypto-friendly Swiss, has revealed it will be joining the cryptocurrency movement later this year.

Present at the Crypto Valley blockchain summit, an official from the five-star hotel announced the company is collaborating with Inacta fintech and Bity crypto trading platform to integrate bitcoin and ether into its operations.

If all goes as planned, starting from May 2019, customers of Hotel Dolder will be able to pay all their bills with the supported cryptoassets through the mobile app developed by Inacta and Bity.

Reportedly, the crypto payments app has also been adopted by Kessel, a firm that deals in various types of automobiles and the service will officially go live in May 2019. 

Built as far back as 1899, the Dolder Grand Hotel was designed by Jacques Gros, a renowned Swiss architect. The hotel reportedly sits on 40,000-square-metre (430,000 sq ft) of land, with 173 rooms and suites, two restaurants, 13 conference rooms, and a bar.  

Zug the Clear Leader

Home to a vast array of distributed ledger technology (DLT) and crypto-focused firms due to its liberal stance towards the nascent digital asset class, Zug, also known as “Crypto Valley,” has been at the frontline of the crypto revolution for several years now.

In May 2016, Zug became the first municipality in the world to accept bitcoin from residents for tax payments as well as other government services.

As of February 2018, there were more than 100 crypto and DLT-linked businesses in Switzerland, a strong indication that the region is indeed a hub for the technology.

As reported by BTCManager in June 2018, Swiss financial regulator, FINMA granted Crypto Fund AG an operating license, making it the first fund of its kind to reach such a milestone.

Earlier in March 2019, reports emerged that Digitec-Galaxus, the largest online retail store in Switzerland is now accepting bitcoin, litecoin, and several other digital assets.

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