• Payments from guests will be handled via the Binance platform.
  • The Binance Pay system has been used by the European supermarket, Varus.

Palazzo Versace Dubai, a five-star hotel in Dubai, now accepts cryptocurrency payments for rooms, meals, and spa services. Payments made by Bitcoin, Ethereum, or Binance Coin (BNB) from guests will be handled via the Binance platform.

Moreover, the 146-room, ultra-luxury resort in Jaddaf Waterfront announced in a press release that it will begin accepting cryptocurrency payments for goods on its e-commerce platforms, particularly gift certificates and vouchers.

Binance’s MENA Business Development Head Nadeem Ladki said:

“Palazzo Versace’s ability to now accept payments in virtual assets is a reflection of how the hospitality industry in Dubai is at the forefront of innovation as we move into a more digital world. Payments are just the beginning and we look forward to building on this partnership together.” 

Rise in Adoption Rate

Similarly, Ukrainian retailer Varus, which has more than a hundred superstores throughout the nation, will begin accepting crypto via Binance Pay.

Furthermore, the Binance Pay system has now been used by the first European supermarket, Varus. Kyiv, Dnipro, Kamianske, Brovary, Nikopol, Vyshhorod, Kryvyi Rih, Zaporizhzhia, and Pavlograd are among the nine Ukrainian towns. This is where customers may pay with cryptocurrency for food and supplies.

Moreover, it was reported last month that Techno zhak and Stylus, two of the leading technology merchants in Ukraine, will begin accepting bitcoin payments at their combined 110 locations. There have been a number of noteworthy instances of businesses accepting cryptocurrencies in recent months.

In June, Hublot, a Swiss luxury wristwatch, released two hundred pieces of a new line dubbed Big Bang Unico Essential Grey. Moreover, these timepieces are exclusive to the Hublot US e-Boutique site, where cryptocurrency payments are accepted. Company-wide cryptocurrency transactions will be handled by BitPay.

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