Travala Integrates Solana Blockchain for Crypto Payments
On September 21, Travala, a crypto-based travel booking platform, announced its integration with the Solana blockchain during the Solana Breakpoint conference in Singapore.
This partnership enables users to book hotels and flights using Solana's native token, SOL, alongside major stablecoins such as USDT and USDC.
With this new integration, Travala enhances its existing payment options, which previously included Bitcoin and Ethereum, allowing for direct deposits and withdrawals of SOL, USDT, and USDC on user accounts.
Transactions on the platform will incur zero fees, streamlining the booking experience for travelers.
The move aims to attract crypto investors and enthusiasts, who have expressed excitement on social media about the potential for a more seamless travel booking process. In addition, Travala plans to introduce travel rewards in SOL in the near future, further incentivizing users to engage with the platform.
The Solana blockchain is recognized for its high throughput and low transaction costs, positioning it as a competitor to Ethereum in the realm of decentralized applications and smart contracts.
This integration reflects a growing trend among businesses to incorporate blockchain technology for efficient payment solutions.
Coinbase, a major crypto exchange, is also betting on Solana with its plans to launch cbBTC, a wrapped Bitcoin asset, on the Solana network. This development follows the initial launch of cbBTC on the Ethereum and Base networks.
Coinbase stated that cbBTC is backed at a 1:1 ratio with Bitcoin held by the exchange, allowing users to utilize Bitcoin as collateral within decentralized finance applications.
