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Soneva: The First Luxury Resort Chain to Accept Payments in Bitcoins and Ethereum

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Indrani bose Follow

INDIA

Aug, 18 2022

Aug, 18 2022

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At all of its resorts in the Maldives and Thailand, the luxury resort chain operator Soneva is now accepting cryptocurrency payments in bitcoin and EthereumSoneva Villa Ownership can also be paid for with ether and bitcoin which is the first and only scheme that offers real estate to foreign buyers in the Maldives, with all required controls and compliance in place.  


Soneva has joined together with payment platform provider Pomelo Pay and the provider of crypto payment solutions Triple A in order to accept cryptocurrency. The Singapore Monetary Authority has granted Triple A a licence (MAS). To increase its payment alternatives and lower obstacles to luxury travel, Soneva has teamed with TripleA, a provider of cryptocurrency payments solutions, and Pomelo Pay, a provider of payment platforms.  


Three resorts by Soneva exist in the Maldives are Soneva Fushi, Soneva Jani, and Soneva in Aqua. According to Soneva, the payment channel is intended to streamline the transaction process and provide complete peace of mind, enabling visitors to Soneva Fushi, Soneva Jani, and Soneva in Aqua in the Maldives, as well as Soneva Kiri in Thailand, to make secure international payments with confidence. 


According to Soneva, payments made using bitcoin and ether are completely non-refundable, though credits may be available under its lenient cancellation policy. According to the company's terms and conditions, cryptocurrencies will be processed by third parties with their own terms and conditions. 


Soneva Villa Ownership, the first and only programme that provides real estate to foreign buyers in the Maldives, is also compatible with both Bitcoin and Ethereum The company resort in Thailand, Soneva Kiri m when all necessary controls and compliance are in place.  


With instant confirmation, locked-in exchange rates, real-time conversions, and no chargebacks, TripleA, a licensed supplier of cryptocurrency payments solutions, enables Soneva's visitors to make cryptocurrency payments without running the risk of price volatility. Utilizing secure QR code and payment link technology, it enables cryptocurrency payments when used in conjunction with Pomelo Pay, a solitary frictionless payment platform. 


Direct reservations can be made with Soneva's reservations team, and secure payment channels can be set up from anywhere in the world. While credits may be available in accordance with Soneva's accommodating payment and cancellation policy, which was created in response to the Covid-19 pandemic to assist customers to book their stay with confidence. 


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Indrani bose

CBW - External Analyst

INDIA

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