The number of hotels with a bitcoin ATM on-site is growing in Switzerland. The latest announcement came from The Dolder Grand, a luxury hotel and spa in Zurich, which recently installed a crypto ATM supporting four cryptocurrencies.
Bitcoin ATMs Gaining Popularity in Hotels
The Dolder Grand announced Monday that a cryptocurrency ATM has been installed at the hotel for guests to buy and sell cryptocurrencies on-site. The announcement states:
As of now, guests of the Zurich Hotel Dolder Grand can buy and sell cryptocurrencies on site â€“ conveniently at the crypto ATM. This is made possible by a device from the Swiss cryptocurrency financial specialist VÃ¤rdex Suisse.
Hotel guests can use the machine to buy four cryptocurrencies â€” bitcoin, bitcoin cash, litecoin, and ethereum â€” with Swiss francs and euros. They can also sellÂ BTCÂ for Swiss francs.
The Dolder Grand started accepting bitcoin for overnight stays, food, drinks, and spa treatments last year. According to the announcement:
The demand for cryptocurrencies has increased significantly since the outbreak of the coronavirus crisis. Many use the VÃ¤rdex machines to gain initial experience with cryptocurrencies.
The crypto ATM installed at The Dolder Grand is operated by VÃ¤rdex Suisse, which has the largest network of cryptocurrency ATMs in Switzerland. Founded in 2017, VÃ¤rdex is a spin-off from Bitcoin Suisse AG. Based in Zugâ€™s crypto valley, the company is a regulated Swiss financial intermediary.
VÃ¤rdex Suisse has installed crypto ATMs at about 70 locations in Switzerland. According to the cryptocurrency ATM tracking website Coinatmradar, there are currently 102 crypto ATMs in Switzerland, making it the country with the sixth-highest number of cryptocurrency ATMs.
Besides The Dolder Grand, other hotels that have a VÃ¤rdex Suisse cryptocurrency ATM installed include Hotel 46a, Parkhotel, HÃ´tel RÃ©gina, Hilton Zurich Airport, and Hotel Hecht Gottlieben. The company says that hotel guests â€œactively take advantage of the opportunity to easily buy and sell cryptocurrencies at ATMs.â€