Cryptocurrencies in E-Commerce - Payrexx Use Case Mountain Flair
Digital technologies and currencies have significantly changed payment behaviour in recent years. The number of people using cryptocurrencies in Switzerland increased 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 recognised this trend and offers its customers the option to pay with digital currencies.
31 May 2022
Melanie
Frutiger

Welcome to Mountain Flair
Mountain Flair Apartments was founded in 2013 by tourism professionals Conradin De Giorgi and Sven Arquisch. The company markets and rents over 100 holiday apartments on a weekly rental basis in the Engadin St. Moritz region. Other components include the sale and rental of real estate.
Mountain Flair primarily uses the Payrexx Pages tool for the deposit of a holiday apartment booking, with individually configurable payment provider integrations and payment pages designed in corporate design. Customers at Mountain Flair can pay 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?
Previously, Mountain Flair only offered conventional bank transfers. However, this is no longer up-to-date, and therefore they also rely on digital payment options.
Sven Arquisch, Managing Director of Mountain Flair, believes:
“Cryptocurrencies and blockchain are disruptive technologies that offer enormous potential and are likely to revolutionise the internet. By accepting cryptocurrencies, we can broaden our target audience and offer our guests another payment option.”
By offering the ability to pay 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, although they actually rely on a completely transparent system where everyone is aware of every transaction. Nonetheless, many people are insecure when it comes to cryptocurrencies. This is partly due to the price fluctuations of cryptocurrencies.
This so-called volatility risk, however, is eliminated with the payment providers offered by Payrexx, namely Utrust and Coinbase. Mountain Flair itself has integrated the payment provider Utrust, which automatically converts the digital currency into the Stable Coin USDC (US Dollar) after payment, thereby eliminating any risk of loss in value. These Stable Coins USDC can then be easily exchanged into EUR and paid out to the bank account, thus eliminating any volatility risk. With the payment provider Coinbase, one can also circumvent the volatility risk by simply accepting Stable Coins directly as payment.
Read this article to learn more about cryptocurrencies and their functionality, advantages, and disadvantages.
Offer Cryptocurrencies with Payrexx
Payrexx offers a total of over 45 payment providers, which can be configured in parallel, and in the area of cryptocurrencies, the two payment providers Utrust and Coinbase are available.
The integration is neither associated with additional fees nor extra effort, so Comerciante will only benefit from it. Mountain Flair understands this and, thanks to the integration of Payrexx, can position itself as an innovative company that recognises and implements digitalisation trends.
Many thanks to Sven Arquisch, Managing Director of Mountain Flair, for the collaboration. We are pleased with the successful cooperation and the trust placed in us.

Visit the website of Mountain Flair and see for yourself the simple integration and numerous possibilities with Payrexx: Test for free now.
