Tintswalo pioneers crypto as payment option

Tintswalo Lodges has pioneered cryptocurrency as payment for lodge accommodation. The reservations department at Tintswalo has been set up and is ready to process transactions paid for in USDT (Tether).

USDT is a user-friendly crypto, offering reliability and predictability that is ideal for international transactions. As a ‘stablecoin’, its value is tied to the US dollar, which avoids the volatility common in the crypto market.

Cryptocurrency payments are becoming increasingly popular among travellers across the world as dynamic and proactive service providers in the global travel industry are accepting crypto as a means of payment for trips, flights and hotels.

Through a strategic partnership with cryptocurrency payment solution provider Ezee Solutions Group and Pundi X, Tintswalo is embracing technology-driven solutions in the hospitality industry to enhance the payment experience. Simultaneously, it reduces costs significantly for both the guest and Tintswalo.

Lisa Goosen, CEO of Tintswalo Lodges, says the company is very excited to embrace this payment option as another way of doing business in future. “We like to think of this step as revolutionising the world of luxury hospitality. We are open to new technologies and see this as a continuation of the personalised services Tintswalo is proud to offer our guests.”

Using USDT is as easy as paying via credit card. Transactions are concluded without the risk of price volatility, and payments are generally instant and final, with no need for currency conversion.

In terms of Tintswalo’s own revenue management, it reduces the expenses in processing international payments.

A win-win, crypto payment is an attractive option for customers, too, as it is fast and secure, minimising the fees associated with cross-border payments.

Leave a Reply

Your email address will not be published. Required fields are marked *