Travala, a cryptocurrency-based online travel ticketing service, has expanded its cryptocurrency payment features to support leading tokens running on the Solana blockchain.
September21, Travala CEO Juan Otero announced the integration with #Solana , a Tier 1 #blockchain ecosystem, at the Solana Breakpoint conference in Singapore.
The partnership will allow travelers to book hotels and airline tickets using Solana's own token (SOL) and the main stablecoins on the Solana blockchain - Tether (USDT) and USD Coin (USDC).
Solana's blockchain is a direct competitor to Ethereum and is focused on fast and cheap execution of smart contracts and decentralized applications (DApps).
Travala has long accepted payments in many other cryptocurrencies, including #Bitcoin (BTC) and Ether (ETH), but the integration of Solana will allow users to deposit and withdraw compatible tokens directly into their Travala account, with zero transaction fees for travel bookings.
the cryptocurrency exchange #Coinbase is also betting on the Solana blockchain, announcing plans to introduce a new Coinbase asset "cbBTC" (wrapped bitcoin) into the Solana network. While an exact launch date has yet to be announced, Hassan Ahmed, Coinbase Singapore Director, said:
We recently launched cbBTC on Coinbase, and our users love Solana as much as we do. So we are very excited to announce that we are launching native cbBTC on Solana as well.
Wrapped bitcoin products allow users to maintain control of their assets by using bitcoin as collateral for decentralized financial applications.
Solana's cbBTC wrapped bitcoin asset was initially launched on the Ethereum and Base networks.
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