Resorts World Las Vegas has partnered with Gemini, a cryptocurrency exchange and custodian, to offer a progressive experience to guests through payments for select services with cryptocurrency.
Starting June 24, the 3,500 room resort will put to use its unique design in integrating crypto. Customers will be given some select services and experiences that they can pay for by using cryptocurrency in an innovative way of enhancing the overall guest experience.
This 21st century economic and monetary phenomena shouldn’t come as a surprise. Cryptocurrency usage and commonality have been rising for the past five years, specifically in the travel and entertainment industry.
Companies in the entertainment and travel industry have dabbled in incorporating cryptocurrency into their payment options for a while. For example, Expedia experimenting with bitcoin payments for a short period and other travel vendors like Cheapair who has long accepted cryptocurrencies as a valid form of payment.
Crypto-integrated experiences are not just on the horizon anymore; they are now becoming a part of the new normal. The Bobby Hotel in Nashville has become one of the first-ever independent hotels in the United States to accept cryptocurrency payments for hotel rooms, reservations, and events. In 2018, Tripio, an app used to book hotels with cryptocurrency, had over 450,000 hotels available to book using cryptocurrency.
Even though cryptocurrency is growing out of its early stages and into our everyday life, the US still has a long way to go to be neck and neck with the Asian market. In a quote from Globetrender, “the Asian market is very different. A third of South Koreans own some form of cryptocurrency.”
As the market grows and demands to intensify, it won’t be long until cryptocurrency becomes an integral part of our ever-growing and ever-changing wallets.