CROSSROADS Maldives has announced two of its resorts have begun accepting cryptocurrencies as payment.
SAii Lagoon Maldives and Hard Rock Hotel Maldives began accepting cryptocurrencies on October 1, becoming the first resorts in the country to do so.
The two resorts are operated by S Hotels and Resorts, has now become one of the first hotel groups in the world to start accepting cryptocurrencies as payment. S Hotels and Resorts stated vacations at these two resorts can be paid for in USD Coins (USDC) and Tether tokens (USDT), with more cryptocurrencies expected to be added in future. The company stated the benefits of cryptocurrencies include the expansion on the number of payment options offered, targeting new and potentially untapped sectors of the market, while helping hotels to drive a greater number of direct bookings.
CEO of S Hotels and Resorts Dirk De Cuyper said an increasing number of consumers are turning to cryptocurrencies as a secure and stress-free way of paying for goods and services. He said the company has partnered with the leading cryptocurrency trading platform FTX to enable virtual currencies at the two resorts in the Maldives and expand the partnership to even more of its award-winning hotels and resorts around the world.
S Hotels & Resorts stated it has joined a growing number of cutting-edge companies that now accept cryptocurrencies as a payment option, including Microsoft, Rakuten, AT&T, Twitch and Virgin Galactic.