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Top luxury resort chain Soneva announces to accept bitcoin and ethereum as mode of payment

On August 17, it has been reported that the luxury resort chain Soneva has started taking payments in the cryptocurrencies bitcoin and ethereum at its facilities.

In the Maldives, Soneva is home to three different resorts (Soneva Fushi, Soneva Jani, and Soneva in Aqua). Additionally, the corporation owns a resort in the country of Thailand (Soneva Kiri). The Soneva Villa Ownership may also be purchased using the cryptocurrencies bitcoin and ether.

Soneva has formed strategic alliances with two other businesses in order to facilitate the acceptance of cryptocurrencies: crypto payment solutions provider Triple A and payment platform supplier Pomelo Pay. The Singapore Monetary Authority(MAS) has granted Triple A a licence to operate.

“Soneva will only accept and, where required refund, cryptocurrencies for their USD value at the moment of the transactions and excluding any additional fees from the third parties,” its website states.

Soneva clarified that payments made with bitcoin and ether are completely non-refundable; nevertheless, credits may be applicable in accordance with its flexible cancellation policy. The terms and conditions of the corporation specify that the processing of cryptocurrencies will be outsourced to third parties, each of which will have its own terms and conditions.

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Jeewan Singh is CryptoShrypto’s content writer and a seasoned writer with over two years of experience in writing about Indian Securities Market. Jeewan's participation in Blockchain and Cryptocurrency started in late 2020, and he hasn't looked back since. The technical and economic outcomes of cryptocurrency are what spark his curiosity, and he keeps one eye on the market.


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