Cryptocurrencies in e-commerce - Payrexx Use Case Mountain Flair
Digital technologies and currencies have greatly changed payment behavior 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 increased 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 professionals Conradin De Giorgi and Sven Arquisch. The company markets and rents out over 100 vacation apartments on a weekly rental basis in the Engadin St. Moritz region. Other components are real estate sales and real estate rentals.
Mountain Flair mainly uses the Payrexx Pages Tool with individually configurable payment provider integrations and payment pages that can be designed in the Corperate 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 the conventional bank transfer. However, this has long been outdated and therefore they also rely on digital payment options.
Sven Arquisch, managing director of Mountain Flair agrees:
"Cryptocurrencies and the blockchain are a disruptive technology that offers enormous potential and will most likely revolutionize the internet. We can expand our target audience by accepting cryptocurrencies as well as 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 industries.
Cryptocurrencies and security
Cryptocurrencies often have a negative reputation, although they are actually based on a completely transparent system where everyone knows about every transaction. Nevertheless, many people are unsettled when it comes to the topic of cryptocurrencies. Among other things, this is 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 the payment, which means that there is no risk of a loss in value. These Stable Coins USDC can then be easily exchanged into CHF and paid out to the bank account. Thus, there is no more volatility risk. You can also avoid the volatility risk with the payment provider Coinbase by simply accepting Stable Coins directly as payment.
Read this article to learn more about cryptocurrencies and how they work, 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 additional effort, which is why merchants can only profit 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 pleased about the successful cooperation and the trust placed in us.
Visit the website of Mountain Flair and convince yourself of the easy integration and the numerous possibilities with Payrexx: Test it now for free.
