The five-star Palazzo Versace Dubai Hotel has started accepting cryptocurrencies as payment for accommodation, meals and spa services.
Guests can use BTC, ETH and BNB to pay their bills, which will be processed through the Binance payment gateway.
“Palazzo Versace's ability to now accept payments in virtual assets is a reflection that the Dubai hospitality industry is at the forefront of innovation as we move into a more digital world.
Payments are just the beginning, and we look forward to developing this partnership together,” said Nadim Ladki, Binance's head of business development in the MENA region.
Ukrainian supermarket chain will accept cryptocurrency
As part of a similar development, Ukrainian retailer Varus, which has more than 100 supermarkets in the country, will now accept payments in cryptocurrency via Binance Pay.
This makes Varus the first supermarket in Europe to accept Binance Pay. Customers can buy food using payments in cryptocurrencies in nine cities of Ukraine – Kiev, Dnipro, Kamenskoye, Brovary, Nikopol, Vyshgorod, Krivoy Rog, Zaporozhye and Pavlograd.
Last month two of Ukraine's largest technology retailers, Techno Azhak and Stylus allowed their customers to pay with bitcoins in their more than 100 stores.
Crypto payments in other countries
In recent months, there have been quite a few notable events related to the introduction of cryptocurrencies in stores and other commercial institutions.
In June, the Swiss luxury watch manufacturer Hublot released a limited collection of 200 watches called Big Bang Unico Essential Grey. These watches were only available on the Hubolt electronic boutique platform in the USA, where customers can pay with cryptocurrencies. The company will use BitPay to process crypto payments.
Similarly, the iconic Prague tram line No. 42, which is now used to deliver tourists on a sightseeing tour of the capital, allowed them to pay with cryptocurrency.
A month earlier, the RCD Espanyol football team became the first Spanish club that allowed fans to buy tickets by paying with cryptocurrencies. The club cooperates with Crypto Snack to help him with crypto payments.