W Dubai The Palm is Now Accepting Shiba Inu for Bill Payment
In December last year, the Dubai Media Office announced that the Dubai World Trade Centre (DWTC) will become a crypto zone for virtual assets - including digital assets, products, operators, and exchanges.
Back in September, the Palazzo Versace Dubai hotel began accepting cryptocurrencies such as Bitcoin, Ether, and Binance Coin for staying, dining, as well as its spa services.
W Hotels, a 5-star luxury hotel located in Dubai, recently partnered with Travala to allow its customers to pay for booking their world’s most awe-inspiring services with crypto. Through this partnership, W Hotels customers could pay using over 80 cryptocurrencies, including Shiba Inu, to enjoy the private beach with views of the city skyline and the Arabian Gulf.
Shiba Inu (SHIB) is a meme-coin, founded in 2020, that is currently priced at $0.00000926.
Not just hotels, but other businesses in Dubai are also experimenting with crypto payments. Back in April, Dubai-based real estate developer Damac Properties announced that it would accept payments in the form of cryptocurrencies.
“This move towards customers holding cryptocurrency is one of our initiatives to accelerate the new economy for newer generations, and for the future of our industry,” Ali Sajwani, general manager of operations at Damac and head of the organization's digital transformation initiatives had said in a statement at the time.
Around the same time, a local school in Dubai announced that it is considering accepting Bitcoin and Ether as payments for tuition, making it the first school in the Middle East to do so.