Cryptocurrencies in e-commerce - Payrexx Use Case Mountain Flair
Digital technologies and currencies have significantly changed payment behavior in recent years. The number of people using cryptocurrencies in Switzerland rose by six percent in 2021 and now stands at 17 percent. In Germany and Austria, it rose by 5 percent each. Mountain Flair Apartments has recognized this trend and offers its customers payment with digital currencies.
This is Mountain Flair
Mountain Flair Apartments was founded in 2013 by tourism experts Conradin De Giorgi and Sven Arquisch. The company markets and rents out over 100 vacation apartments on a weekly basis in the Engadin St. Moritz region. The company also sells and rents out real estate.
Mountain Flair mainly uses the Payrexx Pages tool with individually configurable payment provider integrations and payment pages that can be designed in the corporate design for the down payment of a vacation apartment booking. Customers can pay at Mountain Flair via Mastercard, Visa, Amex, Apple Pay, Google Pay, TWINT as well as with digital currencies such as Bitcoin, Ethereum, Utrust Token and Stable Coins.
Why offer cryptocurrencies?
In the past, Mounatin Flair only offered conventional bank transfers. However, this is no longer in keeping with the times, which is why they also rely on digital payment options.
Sven Arquisch, Managing Director of Mountain Flair, agrees:
"Cryptocurrencies and blockchain are a disruptive technology that offers enormous potential and will most likely revolutionize the internet. By accepting cryptocurrencies, we can expand our target audience and offer our guests another payment option."
By offering the option of paying with digital currencies, Mountain Flair can attract new customer groups - for example from the internet and fintech sectors.
Cryptocurrencies and security
Cryptocurrencies often have a negative reputation, even though they are actually based on a completely transparent system where everyone knows about every transaction. Nevertheless, many people are unsure when it comes to cryptocurrencies. This is partly due to the price fluctuations of cryptocurrencies.
However, this so-called volatility risk is excluded with the payment providers Utrust and Coinbase offered by Payrexx. Mountain Flair itself has integrated the payment provider Utrust, which automatically converts the digital currency into the stable coin USDC (US dollar) after payment, which means that there is no risk of a loss in value. These USDC stable coins can then be easily exchanged for CHF and paid out to the bank account. This means there is no longer any volatility risk. The volatility risk can also be avoided with the payment provider Coinbase by simply accepting stable coins directly as payment.
Read this article to find out more about cryptocurrencies and how they work, their advantages and disadvantages.
Offer cryptocurrencies with Payrexx
Payrexx offers a total of over 45 payment providers, which can be configured in parallel, and the two payment providers Utrust and Coinbase are available for cryptocurrencies.
The integration is not associated with additional fees or additional effort, which is why merchants can only benefit from it. Mountain Flair has understood this and, thanks to the integration of Payrexx, can position itself as an innovative company that recognizes and implements digitalization trends.
Many thanks to Sven Arquisch, Managing Director of Mountain Flair, for the cooperation. We are delighted with the successful collaboration and the trust placed in us.
Visit the Mountain Flair website and convince yourself of the simple integration and the numerous possibilities with Payrexx: Test now for free.
