Luxury hotel in Dubai taps Binance to accept crypto payments
A five-star hotel in the luxurious area of Al Furjan, Dubai is prepared to accept Bitcoin, Ether and Binance’s stablecoin as payment from guests.
According to a report from UAE news outlet Gulf News, guests at the Manor Hotel by JA are now allowed to book rooms and settle their bills using certain cryptocurrencies. Prices are still seemingly set in fiat to reduce any risk of volatility, with the hotel converting any cryptocurrency received immediately through a payment gateway for hotels managed by Binance.
The gateway is accessible through The Manor’s official website (jaresortshotels.com), and ‘adheres to strict security measures for protecting customers’ and business owners’ rights equally’. Settlements will be facilitated by Binance, and the crypto-to-crypto gateway will support various crypto assets such as BNB, Bitcoin and Ethereum.
“Virtual assets go in line with The Manor’s vision for sustainability and digital transformation, considering its position among top eco-friendly boutique hotels in Dubai,” The Manor Hotel’s Managing Partner Mohammed Hanif Al Qassim said.
“Binance has been actively engaging established local businesses and institutions to further increase the adoption of crypto for our users and the crypto community as a whole. Our partnership with leading, innovative businesses, such as JA are in line with our vision to enhance crypto adoption across the region,” said Richard Teng, Regional Head of Binance in the Middle East and North Africa (MENA).
While many businesses have begun to adopt digital assets, UAE has long been friendly to crypto users. Dubai’s Museum of the Future, the $136 million UAE government-sponsored museum that opened a few weeks ago, also joined forces with Binance NFT to roll out a range of digital products on blockchain.
The collaboration aims to create crypto replicas of the torus-shaped museum’s unique artworks, starting with their first-ever NFT collection – The Most Beautiful NFTs in the Metaverse.
For its part, Binance NFT, the digital collectibles marketplace of the world’s leading cryptocurrency ecosystem, would help with its financial and technical know-how.
