Blockchain Solution from Singapore for Luxury Hotels
This blog post comes with the courtesy of an article penned by Forbes Staff & co-author Zinnia Lee, whom you can read her full works at her Forbes page. The information discussed a blockchain-based startup in Singapore, Dtcpay, has garnered significant attention recently with a promising prospect. One of its primary backers is Billionaire Kwee Liong Tek known for his knack for spotting high-potential tech startups.
Funding and Future Plans
As reported by Forbes](https://www.forbes.com/sites/zinnialee/2023/07/13/with-backing-from-billionaire-kwee-liong-tek-this-singapore-startup-is-bringing-crypto-payments-to-luxury-hotels/), Dtcpay managed to raise a whopping $16.5 million in a pre-Series A round with Kwee, chairman of Pontiac Land, taking the lead. This impressive funding round paves the way for some of Pontiac Land’s luxurious hotels to soon accept payments in various cryptocurrencies.
The Team Behind the Startup
The team leading Dtcpay is nothing short of remarkable. The key figures are Kanny Lee, the CEO, and Alice Liu, co-founder of Dtcpay. With their strategic vision and the financial backing of Kwee Liong Tek, they’re on a mission to revolutionize the payment methods in the luxury hotel landscape.
Blockchain Platform – A Game-Changer for Hospitality Industry
This startup aims to bring cryptocurrency payments to luxury hotels worldwide via its blockchain-based platform, Tek. This platform allows customers to seamlessly pay for their stays using any of a variety of digital currencies, like Bitcoin, Ethereum, among many others.
Secured and Efficient Transactions
The prime objective of this blockchain-based platform is to ensure a secure, efficient, and hassle-free payment experience. It offers hotels the flexibility to accept an array of currencies, a significant leap towards making digital transactions the new norm.
Real-Time and Ease
The platform also offers real-time updates which amount to transparency in transactions. This transparency, along with being a salient feature of blockchain technology, adds to the trust factor for customers. Additionally, the startup is continuously working on enhancing its features to make the payment process even more smooth and user-friendly.
Revolutionizing the Payment Landscape
With a solid backing from Liong Tek, Dtcpay’s groundbreaking platform has the potential to become a significant player in the cryptocurrency payments sector. By integrating blockchain technology and cryptocurrency payments into luxury hotels, the hospitality industry is set to witness a transformative revolution, one transaction at a time.
In conclusion, the hospitality industry stands on the cusp of a technological revolution, with blockchain technology poised to transform payment methods. As a technology blogger, I’ll be keeping a close eye on this story as it continues to unfold, and will bring you all the latest updates here on Davincinext.
