Swiss Luxury Hotel, Chedi Andermatt Goes Crypto By Accepting Bitcoin & Ethereum Payments

The Chedi Andermatt, a luxury hotel controlled by billionaire Samih Sawiris, said it will allow guests to use cryptocurrency to pay for their stay in the Swiss Alps.

The hotel will accept both Bitcoin and Ethereum and will consider taking other cryptocurrencies in the future, it said in a statement.

A top-end suite at the five-star Chedi Andermatt, about a 110 kilometers (70 miles) drive from Zurich, can cost thousands of dollars per night, according to the hotel’s website.

The resort began considering taking cryptocurrencies as a payment option about four years ago, but waited until it was able to ensure transactions would be secure and price fluctuations could be avoided.

It’s partnering with payment-service provider Worldline as well as Swiss crypto service provider Bitcoin Suisse for the endeavor. Payments by cryptocurrency will be immediately converted into Swiss francs once they are confirmed, the hotel said.

More About The Chedi Andermatt

The Chedi Andermatt at Gotthardstrasse 4 is a luxury hotel in Switzerland that has been designed to captivate you. It is a thoroughly authentic yet delightfully exclusive in terms of its unique combination of Alpine chic and Asian expression.

In the midst of the beautiful Swiss Alps, 1,447 meters above sea level, this amazingly luxurious 5 star hotel in Andermatt has 123 well-appointed elegant rooms and suites, five outstanding restaurants and bars, a modern Health Club and exceptional spa area that will ensure you have the best time when you visit. The Chedi Andermatt has received the best possible rating by Forbes Travel Guide 2021, confirming that this surely one of the best luxury hotels in Europe.

Crypto Currency in Switzerland

Switzerland has been among the most enthusiastic European countries in embracing cryptocurrencies. Zug, known for its low corporate taxes and home to commodities traders, said last year it would begin accepting Bitcoin as payment for taxes. Also a hub for cryptocurrency firms, Zug has accepted Bitcoin as payment for some services since 2016 and inspired the ski resort of Zermatt to do the same.