Luxury resort chain Soneva has reportedly begun accepting crypto payments. With this, customers can easily make payments across the globe. Currently, Soneva has started accepting bitcoin and ether payments at its resorts in the Maldives and Thailand.
Soneva has three resorts in the Maldives including Soneva Fushi, Soneva Jani, and Soneva in Aqua. The company also has a resort in Thailand (Soneva Kiri). With this, it has expanded its resort chain into the world of cryptocurrencies as now customers can use bitcoin and ether to pay for Soneva Villa Ownership.
For this to be possible, Soneva has partnered with two crypto payment platforms namely Triple A and Pomelo Pay. Triple A is licensed by the Singapore Monetary Authority (MAS).
Soneva stated that bitcoin and ether payments are 100% non-refundable but credits can apply per its flexible cancellation policy. The company’s terms and conditions detail that cryptocurrency payments will be processed through third parties with their own terms and conditions.
However, its website states that Soneva will only accept and refund cryptocurrencies for their USD value at the moment of the transaction, excluding any additional fees from the third parties.
Soneva’s chief financial officer Bruce Bromley confirmed the news saying, Soneva has always endeavored to be a pioneer in the hospitality industry. He added that accepting cryptocurrencies as payment methods is another example of enabling our international guests to easily make payments from anywhere in the world.
Many luxury brands and companies have already hopped on the crypto bandwagon. Among them, there is the luxury fashion house Farfetch which started accepting crypto payments. Another name in the line is a luxury Gym Chain Equinox which has become the first gym in the Big Apple to allow members to pay their membership fees in crypto.
