Travala, a platform known for blending cryptocurrency with travel reservations, has announced an important development. The company now integrates the Solana Blockchain, enabling payments for flights and accommodations using SOL, USDT, and USDC. This upgrade further cements the platform’s commitment to offering flexible payment options in the travel industry.
Why is Solana Chosen?
Juan Otero, CEO of Travala, made the announcement at Solana’s Breakpoint event in Singapore. He praised Solana for its scalability and affordability, attributes that align well with Travala’s needs. “The Solana network has rapidly become a go-to solution for many due to its efficiency,” Otero explained, highlighting its potential to support the next wave in travel technology.
What New Benefits Are Offered?
Travala is enhancing its loyalty program alongside this integration. Customers will earn up to 10% cashback in SOL, BTC, and AVA coins for each booking. In addition, the absence of fees for depositing and withdrawing SOL, USDT, and USDC is a significant advantage for users. The integration also allows the AVA coin to function on Solana, facilitating its movement from Ethereum and BNB Chain.
Recent collaboration with Skyscanner signifies Travala’s ambitions to widen its cryptocurrency reach. This partnership permits travelers to book flights using over 100 types of cryptocurrencies, supporting Travala’s aim to evolve crypto-based travel solutions.
Key takeaways from the integration include:
- Enhanced payment flexibility with SOL, USDT, and USDC.
- Up to 10% cashback in multiple cryptocurrencies.
- No transaction fees for deposits and withdrawals of select currencies.
- Expanded functionality for AVA coins across various blockchains.
Launched in 2017, Travala continues to lead by merging blockchain technology with travel services, offering access to over 2.2 million properties globally. The Breakpoint event also saw other major announcements, including plans from Franklin Templeton and Citigroup to engage with the Solana Blockchain. This integration is a significant step towards normalizing cryptocurrency use in travel, driven by the benefits of lower transaction costs and quicker processing times.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
Source: https://en.bitcoinhaber.net/travala-expands-solana-blockchain-usage