Travala Integrates Solana for Streamlined Travel Payments
Travala, an online travel booking platform utilizing cryptocurrency, has enhanced its payment options by incorporating major tokens from the Solana blockchain.
On September 21, during the Solana Breakpoint conference in Singapore, CEO Juan Otero announced this integration. Travelers can now use Solana’s native token, SOL, along with stablecoins like USDt and USD Coin, to book flights and hotels.
Solana, which competes with Ethereum, emphasizes quicker and more cost-effective smart contract execution and decentralized applications.
This new feature allows users to directly deposit and withdraw supported tokens on their Travala accounts, offering zero-fee transactions for travel bookings.
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The crypto community has responded positively, anticipating a more streamlined booking experience. Travala also plans to roll out SOL travel rewards soon.
In related news, Coinbase is expanding its offerings on the Solana blockchain with the introduction of cbBTC, a wrapped Bitcoin asset. While the launch date remains unconfirmed, Coinbase’s Singapore country director expressed enthusiasm for this addition, which allows users to utilize Bitcoin as collateral while retaining control of their assets.
Alexander Stefanov
Reporter at CoinsPress
Alex is an experienced finance journalist and a cryptocurrency and blockchain enthusiast. With over five years of experience covering the industry, he deeply understands the complex and constantly evolving world of digital assets. His insightful and thought-provoking articles provide readers with a clear picture of the latest developments and trends in the market. His passionate approach allows him to break down complex ideas into accessible and insightful content. Follow up on his content to be up to date with the most important trends and topics - stay ahead of the curve with CoinsPress.
