Travala integrates Solana blockchain for seamless crypto payments and has broadened its payment alternatives to include major tokens like USDT and USDC.
Travala, an online travel ticketing service on the Solana blockchain, has broadened its crypto payment alternatives to major tokens.
During the Solana Breakpoint conference in Singapore on September 21, Travala CEO Juan Otero disclosed an agreement to integrate with Solana, a layer-1 blockchain ecosystem.
The partnership enables travelers to reserve hotels and flights on the Solana blockchain by utilizing Solana, the native token of Solana, and the main stablecoins Tether and USD Coin.
The Solana blockchain is a direct competitor of Ethereum, concentrating on the faster and more cost-effective execution of decentralized applications (DApps) and smart contracts.
Travala’s direct SOL deposits and withdrawals
Travala has a history of accepting payments via Bitcoin and a variety of other cryptocurrencies, such as Ether. However, the Solana integration lets users deposit and withdraw the supported tokens directly on their Travala accounts, with zero-fee transactions on travel bookings.
Crypto investors and enthusiasts on X enjoyed the collaboration and anticipated a smooth travel reserving process.
In the immediate future, Travala will also implement SOL travel rewards.
Coinbase’s Wrapped BTC attracts Solana
Exchange of cryptocurrency Coinbase is also placing a wager on the Solana blockchain by planning to introduce its new “cbBTC” asset, a wrapped Bitcoin, to the Solana network. However, Coinbase’s country director for Singapore, Hassan Ahmed, stated that no specific date had been disclosed for its launch:
“We recently launched cbBTC on base, but our users love Solana, and so do we. So we are very excited to announce that we will be bringing native cbBTC to Solana as well.”
Wrapped Bitcoin products enable users to maintain asset control while employing Bitcoin as collateral for decentralized finance applications.
Solana’s bundled Bitcoin asset, cbBTC, was initially introduced on the Ethereum and Base networks.
cbBTC is backed at a 1:1 ratio by Bitcoin, which is held by the centralized exchange, according to Coinbase. The platform has no separate order books or trading pairs for cbBTC.
