Cryptocurrency adoption is important for improving a token’s price valuation and overall market scenario. Virtual currency payments have been booming lately in Switzerland after a new smartphone application was developed in the country, making cryptocurrency payments easier.
According to reports, Bitcoin [BTC] and Ethereum [ETH] payment options will now be available at the reputed five-star, Dolder hotel, and the car dealership, Autohaus Kessel.
Located in Zurich, Dolder is one of the most famous hotels in Switzerland. The hotel will accept cryptocurrency payments via the newly developed app, Inapay. The payments app was backed by Zug-based Inacta, with contributions from the Swiss finance platform, Bity.
The initial launch for the application is scheduled to take place in two months, with Dolder hotel and Kessel Auto Dealers representing the first parties to implement the app for crypto payments.
Lucas Betschart, Inacta’s Head of crypto assets and President of Bitcoin Association Switzerland, stated,
“Bitcoin is back as a medium of exchange.”
Dolder Hotel and Kessel dealers followed the lead of Digitec-Galaxus. The “Amazon” of Switzerland, and the country’s largest retailers, Digitec-Galaxus, had announced earlier this month that they had begun to accept Bitcoin payments.
Further, Bitcoin Suisse, the cryptocurrency financial services company, also started a long-term advertising campaign at Zurich airport, aiming to promote Switzerland as a “crypto nation”.
The company stated,
“For at least the remainder of 2019 and well into 2020, some 11 million arriving travelers and greeters will be presented with the company’s vision and message, as they arrive in Switzerland.”
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Biraajmaan is an engineering graduate who is exploring the ever-changing crypto verse while traversing his passion for cryptocurrency news writing. He is a Chelsea fan and a part-time poet and does not hold any value in cryptocurrencies yet.