Cryptocurrency has taken the world by storm in recent years. Everyone seems to be talking about Bitcoin or Ethereum everywhere you go. While it all began in the 1990s, it appears that cryptocurrency's popularity has only started to increase in recent years.
And now this popularity has finally marked its place in the Maldives as Soneva has started accepting Bitcoin and Ethereum in their resorts based in both Thailand and the Maldives. While the use of developed methods such as QR codes has increased in recent years, the addition of Bitcoin and Ethereum has created an additional layer of development by making it easier for people from other countries to make payments without having to go through currency exchange.
While many people have become very familiar with the ins and outs of cryptocurrency, there are still thousands of people who are unfamiliar with the concept and question its legitimacy. This is true, especially if you've seen the article about the person who paid for a Papa John's pizza with Bitcoins worth $380 million today. Visitors to Soneva, on the other hand, can rest easy knowing that the brand has curated a secure gateway to ensure that the transaction goes smoothly and securely.
Soneva has partnered with licensed cryptocurrency payments solution provider TripleA to allow guests to make crypto payments without the risk of price volatility, offering instant confirmation, locked-in exchange rates, real-time conversions, and no chargebacks.
While we all have reservations about any new method of payment, especially when it comes to large transactions, the use of cryptocurrency certainly simplifies luxury travel. It eliminates the time-consuming process of going through the bank, currency exchange, and any other additional layer of bureaucracy when making large-amount payments. Sometimes, new payment methods just need time and understanding of how they work.
With the use of cryptocurrency in Soneva, we can hope to see this type of transaction becoming more common in other Maldives resorts, making the country more accessible to international visitors.
As of now Bitcoin and Ethereum are accepted in Soneva Fushi, Soneva Jani and Soneva in Aqua in the Maldives, and Soneva Kiri in Thailand. This addition opens up a whole new possible customer base for Soneva as guests can now easily book their stay from anywhere in the world, possibly making them a top choice for luxury travellers who are looking into visiting the Maldives.