Home
News
- Resort business, in Las Vegas, will now accept payments in the form of crypto
- Only a selected number of services will be payable in crypto, for now, from June 24, 2021
- This was a joint decision of the resort business in Vegas along with Gemini, the custodians for crypto exchanges.
The great news on the way is that the entire resort business in Las Vegas will now accept payments in the form of crypto. It is not unknown to us that Vegas is a hub for tourists, casinos, etc. The entry of crypto in this world of Resorts in Vegas is going to be highly beneficial to the cryptocurrency industry. This will make Las Vegas the first crypto accepting casino resort in the world. As we know that the entire tourist business in Vegas begins in the summer, this summer Vegas will have a new experience with the acceptance of crypto payments. However, only a selected number of services will be payable in crypto, for now, from June 24, 2021. This was a joint decision of the resort business in Vegas along with Gemini, the custodians for crypto exchanges.
Tyler Winklevoss said it’s the ability for their customers to use cryptocurrency at Resorts World Las Vegas or convert dollars into crypto, being one of the first to support crypto is a great way to meet the needs of the next generation of customers and provide a 21st-century experience. Tyler. This isn’t the first time the tourism sector has shown interest in digital currency. In 2018, there was an app that provided a selection of over 450,000 hotels that could be booked using the cryptocurrency Ethereum. The magnificent Marina Bay Sands in Singapore and the Ritz-Carlton in Ibiza were among the participating hotels.
Gemini collaboration is going to be beneficial to the Vegas resorts
The 3,500-room resort was built with cutting-edge technology in mind, so cryptocurrency is a natural fit. Scott Sibella, president of Resorts World Las Vegas added that they are taking another step toward delivering advanced guest experience solutions for today’s Las Vegas traveler by collaborating with Gemini, a pioneer in bitcoin exchange.
Crypto payments to attract more and more tourists to Vegas
In the tourism sector, the desire for crypto-integrated experiences is increasing. The Bobby Hotel in Nashville became one of the first independent hotels in the United States to accept cryptocurrency payments for overnight reservations and events, as reported in a recent issue of Globetrender’s premium newsletter VOLT, and Travala announced that it was allowing consumers to pay for flights with cryptocurrencies in March of this year. In February, it claimed that cryptocurrencies accounted for 68% of all travel reservations on travala.com, “indicating a rising demand among customers to spend crypto on real-world products and services.”
With a background in journalism, Ritika Sharma has worked with many reputed media firms focusing on general news such as politics and crime. She joined The Coin Republic as a reporter for crypto, and found a great passion for cryptocurrency, Web3, NFTs and other digital assets. She spends a lot of time researching and delving deeper into these concepts around the clock, and is a strong advocate for women in STEM.
