{"id":7133,"date":"2022-09-12T13:27:08","date_gmt":"2022-09-12T13:27:08","guid":{"rendered":"http:\/\/ci02ab1ee8900024ec"},"modified":"2022-09-12T13:27:08","modified_gmt":"2022-09-12T13:27:08","slug":"palazzo-versace-dubai-now-accepts-bitcoin","status":"publish","type":"post","link":"https:\/\/bitcoinmagazine.com\/business\/palazzo-versace-dubai-now-accepts-bitcoin","title":{"rendered":"Luxury Resort Palazzo Versace Dubai Now Accepts Bitcoin"},"content":{"rendered":"<div id=\"bsf_rt_marker\"><\/div><ul>\n<li>Palazzo Versace Dubai is now accepting bitcoin for goods and services in the UAE. <\/li>\n<li>Customers can pay for events, spa experiences, and other services on site with the Binance app.<\/li>\n<li>The resort plans to launch online payment integration for bitcoin in the near future. <\/li>\n<\/ul>\n<p>Palazzo Versace Dubai, a luxury resort in the United Arab Emirates (UAE), is now accepting bitcoin and some cryptocurrencies as payment for services, per a <a href=\"https:\/\/pressreleasenetwork.com\/site\/2022\/09\/07\/palazzo-versace-dubai-taps-binance-to-accept-crypto-payments\/\" target=\"_blank\" rel=\"noopener\">press release<\/a>. <\/p>\n<p>The resort has partnered with Binance, the world\u2019s largest cryptocurrency exchange, enabling its customers to pay with bitcoin. Starting September 7, customers have been able to use bitcoin to pay for room stays, restaurants, meetings, events and spa experiences. All guests now have the option to pay at the property using the Binance app.<\/p>\n<p>\u201cWe continue to be the pioneers of innovation and growth in the hospitality business,\u201d said Monther Darwish, managing director of Palazzo Versace, per the release. \u201cAccepting cryptocurrencies as payments is yet another innovative step that we have taken towards making our business future-ready\u201d.<\/p>\n<p>The next phase of the launch will see the resort tackle online payments integration and is expected \u201csoon after\u201d. Following the integration, Palazzo will accept the new form of payment through its e-commerce platform, which also enables customers to purchase gift cards and browse its flower shop. <\/p>\n<p>Palazzo\u2019s acceptance of bitcoin comes on the heels of financial institutions like <a href=\"https:\/\/bitcoinmagazine.com\/legal\/ftx-wins-full-dubai-approval\">FTX exchange<\/a> and <a href=\"https:\/\/bitcoinmagazine.com\/business\/komainu-approved-for-bitcoin-services-in-dubai\">Komainu<\/a> entering Dubai as the region attempts to become a hub for digital innovation. <\/p>\n<p>\u201cPalazzo Versace\u2019s 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,\u201d said Nadeem Ladki, head of business development for Binance in the region. <\/p>\n<p>\u201cPayments is just the beginning and we look forward to building on this partnership together,\u201d Ladki concluded. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>In partnership with Binance, the luxury resort now accepts bitcoin for goods and services on-site and plans to launch online payments in the near future.<\/p>\n","protected":false},"author":2785,"featured_media":7134,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[1943,125,1931,93,262],"class_list":{"0":"post-7133","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-business","8":"tag-accepting-bitcoin","9":"tag-bitcoin-payments","10":"tag-dubai","11":"tag-news","12":"tag-uae"},"author_data":{"id":2785,"name":"Shawn Amick","nicename":"shawn-amick","avatar_url":"https:\/\/bitcoinmagazine.com\/wp-content\/uploads\/2024\/12\/MjEwMTYzMzc3Njg5ODYzNjQ2-96x96.webp"},"featured_image_url":"https:\/\/bitcoinmagazine.com\/wp-content\/uploads\/2024\/11\/2560px-dubai_skylines_at_night_pexels_3787839.jpg","_links":{"self":[{"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/posts\/7133","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/users\/2785"}],"replies":[{"embeddable":true,"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/comments?post=7133"}],"version-history":[{"count":0,"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/posts\/7133\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/media\/7134"}],"wp:attachment":[{"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/media?parent=7133"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/categories?post=7133"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/tags?post=7133"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}