The gateway is accessible via The Manor’s official website (jaresortshotels.com) and “follows strict security measures to protect the rights of guests and business owners alike”. Settlements will be facilitated by Binance, the blockchain infrastructure provider that runs a cryptocurrency exchange. The crypto-to-crypto gateway will support virtual assets such as BNB, Bitcoin, and Ethereum.
“The virtual assets are in line with The Manor’s vision for sustainability and digital transformation, given its position among the top eco-friendly boutique hotels in Dubai,” said Mohammed Hanif Al Qassim, Managing Partner from The Manor Hotel.
According to Richard Teng, regional head of the MENA region at the crypto platform, “Binance has actively engaged established local businesses and institutions to further increase crypto adoption for our users and the crypto community as a whole. Our partnership with leading innovators, such as JA, is in line with our vision to improve crypto adoption across the region.”
In recent weeks, more and more service industry companies have added the ability to pay with cryptos. A handful of Dubai-based F&B operators have done so and are more likely to join in setting up the regulatory framework.