Luxury app Dorsia taps MoonPay for crypto payments

Published on Wednesday, April 23, 2025 by Cointelegraph | Found on Glideslope.ai

Luxury hospitality platform Dorsia is rolling out crypto payments for clients in the United States, the United Kingdom, Europe, and six Arab nations.The payments feature is being enabled through a partnership with MoonPay, the companies told Cointelegraph. With the integration, users will be able to book luxury travel experiences and complete transactions directly in USDC (USDC) and Solana-based tokens through the Dorsia app.“[…] integrating crypto payments is a natural next step in aligning with the evolving preferences of our members,” Marc Lotenberg, founder and CEO of Dorsia, said in an interview.Dorsia is the latest luxury firm to turn to crypto services for high-net-worth individuals. The industry has been highly active in the Web3 space over the past few years, exploring crypto on-ramps and customer engagement features, such as non-fungible tokens and metaverses.Luxury carmakers Lamborghini and Ferrari, and watchmakers like Patek Philippe, are a few companies accepting payments in cryptocurrencies.Dorsia is a luxury hospitality app that connects its members with high-end restaurants and cultural experiences. Instead of traditional booking models, Dorsia uses dynamic pricing and a membership-based system for reservations at luxury facilities. According to Grand View Research, the luxury travel market is expected to reach $2.3 trillion by 2030.Related: Gucci the latest luxury brand to accept crypto payments in storeThe company has raised a total of $50.4 million in funding across Seed and Series A rounds. Major backers include Index Ventures, RedSea, and individuals from Meta, Uber, Atomic, Groot Hospitality, and the Rockwell Group.Related: Polygon-based lending platform to provide crypto liquidity for luxury itemsMoonPay expands in 2024Dorsia isn’t the first luxury brand to partner with MoonPay. According to the company's CEO, Ivan Soto-Wright, it also offers a crypto on-ramp for clients like fashion house Gucci, carmaker Bugatti, and auction house Christie’s.MoonPay's net revenue increased 112% in 2024, while transaction volume in Q1 2025 soared 123%, according to the company.In January, MoonPay acquired the Solana-based payment processor Helio in a $175 million deal. The acquisition enabled a broader range of partnerships for payments, including with Dorsia, the company revealed. MoonPay has also recently acquired Iron to facilitate payments in stablecoins for merchants.Magazine: AI Eye: AI travel booking hilariously bad, 3 weird uses for ChatGPT, crypto plugins