Palazzo Versace Dubai Taps Binance To Accept Crypto Payments

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The ultra-luxury property now accepts cryptocurrency payments for stays, dining and spa experiences

Curator of magical moments, Palazzo Versace Dubai, is taking a unique step in the hospitality industry by allowing guests to pay for dining, stays and spa experiences in cryptocurrencies. The ultra-luxury property located in Jaddaf Waterfront has partnered with Binance, the world’s biggest cryptocurrency infrastructure provider, to offer the guests the possibility to settle payments in various cryptocurrencies such as BNB, Bitcoin, and Ethereum. These transactions will take place through Binance payment gateway.

Starting from 7th September, for room stays, restaurants, meetings, and events, all the guests will have the option to pay at the property using the Binance application. The next phase, online payment integration, will go live soon after. Palazzo Versace Dubai will also accept cryptocurrency payments on their eCommerce platforms, which include Gift Vouchers and Flower Shop.

The Managing Director of Palazzo Versace Dubai and founder of Palazzo Hospitality, Monther Darwish comments: “We continue to be the pioneers of innovation and growth in the hospitality business. Accepting cryptocurrencies as payments is yet another innovative step that we have taken towards making our business future-ready”.

Nadeem Ladki, Head of Business Development for Binance in MENA, stated, “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 is just the beginning and we look forward to building on this partnership together.”

Palazzo Versace Dubai, located at Jaddaf Waterfront, is known for taking unprecedented and unique steps in the hospitality industry, as well as pioneering in new hotel experiences, by launching a bidding platform just last year, which allowed guests to bid for their dream stay at the iconic hotel, and now its entry into the world of cryptocurrencies. Property has already established itself as an industry leader by introducing cutting-edge technologies and business models.

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