Soneva confirms it will be adding Bitcoin and Ethereum – two of the most popular cryptocurrencies – as new payment options, across its properties in the Maldives and Thailand.
Cryptocurrencies are largely popular among younger investors, entrepreneurs and businesses people. The introduction of crypto payment options aim to cater to the younger affluent travelers.
In addition to this booking reservations at Soneva properties, crypto payment option extends to Soneva Villa Ownership, the first such scheme offering real estate to foreign buyers in the Maldives.
Soneva has partnered up with TripleA, a cryptocurrency payment solutions provider and Pomelo Pay, a payment platform provider. TripleA will provide fast and easy transactional options to guests without risks of price volatility, instant payment confirmation, locked-in exchange rates, real-time conversions with no chargebacks.
“At Soneva, we have always endeavored to be a pioneer in the hospitality industry, hence accepting cryptocurrencies as a payment method is another example of enabling our international guests to make payments from anywhere in the world,” comments Bruce Bromley, the Chief Financial Officer and Deputy CEO of Soneva.
Speaking about the initiative, the CEO of TripleA Eric Barbier said, “TripleA is thrilled to partner with Pomelo Pay to allow businesses like Soneva to accept cryptocurrency payments.”
“With our partnership, businesses get to tap into the spending power of more than 300 million crypto owners globally, without bearing any price volatility risk,” he added.
Adding more into the new partnership, the CEO of Pomelo Pay Vincent Choi said, “We are excited to embark on this journey with TripleA and enable Soneva to accept cryptocurrency as a form of payment from travelers across the globe.”