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

The hotel’s general manager Jean-Yves Blatt explained that:

“We have long known that cryptocurrencies also have a future in hotel operations. In the course of the increasing spread and acceptance of cryptocurrency payments, we are proud to be one of the first Swiss luxury hotels to be able to offer our guests cryptocurrencies as a secure means of payment.”

According to a Swiss news media Blick report, The Chedi Andermatt Hotel stated that it is now accepting Bitcoin and Ethereum-based cryptocurrencies to pay for hotel expenses worth more than 200 Swiss francs.

Like traditional payment methods such as bank cards or credit cards, payment in crypto will not bear any risk subject to price fluctuations, because the hotel will immediately convert it to Swiss francs- the legal currency of Switzerland after confirmation.

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