Travala Now Accepts Payments with Solana and Stablecoins for Travel Purchases

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Travala Now Accepts Payments with Solana and Stablecoins for Travel Purchases
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Cryptocurrency-based online travel booking platform Travala has announced the expansion of its payment options with the integration of the Solana blockchain. Users can now pay for hotel and flight bookings using Solana ecosystem tokens such as Solana (SOL), as well as the stablecoins USDT and USDC.

The company revealed the news on September 21st through Juan Otero, CEO of Travala, during the Solana Breakpoint conference, which took place in Singapore. According to the announcement, the partnership aims to offer travelers more payment options with cryptocurrencies. In this way, it reinforces the company’s commitment to promoting the adoption of cryptocurrencies in everyday services.

Solana is a layer-1 blockchain that has been gaining prominence as a direct competitor to Ethereum. The network offers faster and more cost-effective execution of smart contracts and decentralized applications (DApps). With the new integration, Travala users can make deposits and withdrawals directly with Solana tokens, with no transaction fees for travel bookings.

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Travala already accepts payments in a variety of cryptocurrencies, including Bitcoin (BTC) and Ether (ETH). However, the new partnership extends its reach to holders of SOL and stablecoins operating on the Solana network. Investors and crypto enthusiasts greeted the news of the integration with enthusiasm on social media, with crypto users celebrating the possibility of a more seamless experience for booking travel using digital assets.

Travala now accepts Solana and Stablecoins

Additionally, Travala announced that it will soon launch a SOL rewards program for its users. This should attract even more travelers interested in using crypto. The expansion of payment options reflects the growing popularity of Solana, which has established itself as a leading platform for developing DApps and decentralized finance (DeFi) solutions.

Another indication of Solana’s growth is the interest from major crypto companies, such as Coinbase. During the event, Coinbase announced plans to bring “cbBTC” — a tokenized Bitcoin asset — to the Solana blockchain, offering yet another option for using Bitcoin as collateral in DeFi applications. cbBTC is a “wrapped” asset, which maintains a 1:1 ratio with real Bitcoin, and is already available on the Ethereum and Base networks.