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Soneva starts accepting cryptocurrency payments

Mohamed Rehan
15 August 2022, MVT 09:13
One of the recently unveiled Water Retreats. PHOTO: SONEVA FUSHI
Mohamed Rehan
15 August 2022, MVT 09:13

Luxury hospitality resort chain; Soneva announces it will start accepting Bitcoin and Ethereum - two of the most popular cryptocurrencies - across each of its resorts in the Maldives and Thailand.

The payment channels is designed to make the transaction process easier, offering peace of mind to the guests who can make secure international payments across Soneva properties - which include Soneva Fushi, Soneva Jani and Soneva in Aqua in the Maldives, as well as Soneva Kiri in Thailand.

Additionally, both Bitcoin and Ethereum payment options can be used for Soneva Villa Ownership; the first and only scheme that offers real estate to foreign buyers in the Maldives.

For the initiative, Soneva partnered up with cryptocurrency payment solutions provider TripleA and payment platform provider Pomelo Pay to expand the payment options. TripleA, a licensed cryptocurrency payments solutions provider, will enable Soneva's guests to make crypto payments without the risk of price volatility with instant confirmation, locked-in exchange rates and 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 easily make payments from anywhere in the world," said Bruce Bromley, the Chief Financial Officer and Deputy CEO of Soneva.

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