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Cryptocurrency News Articles
Travala Integrates Solana to Allow Users to Book Travel With SOL and Other Assets Created on the Network
Sep 22, 2024 at 10:16 pm
The recent update allows its users to reserve flights and hotels using SOL, USDT, USDC, and more.
Travel booking platform Travala has officially integrated Solana (SOL) into its platform, allowing users to book travel with assets created on the Solana network.
The recent update permits its users to reserve flights and hotels using SOL, USDT, USDC, and more. Its users can now access SOL travel rewards as part of their loyalty program. It is also worth noting that the integration includes AVA. The news comes from Travala CEO Juan Otero during a panel at Solana Breakpoint in Singapore.
According to Otero, Solana’s scalability and cost-effectiveness are crucial for the crypto-native travel platform’s upcoming growth phase. The platform’s AVA token is launching on Solana, in addition to Ethereum and BNB Chain.
Travala account users can both withdraw and deposit SOL, USDT, and USDC on the Solana network. This update will enable free transactions on travel bookings, enhancing the platform’s offerings catered towards cryptocurrency users.
Travala’s Growing EcosystemThe Solana integration comes following its recent partnership with global travel marketplace Skyscanner. The integration brings Travala’s inventory of 2.2 million hotels to Skyscanner’s 110 million users each month.
Users can book their stays using over 100 different cryptocurrencies. The partnership places Travala in a lineup with leading travel agencies, such as Expedia and Booking.com, on Skyscanner.
According to CEO Juan Otero, visibility is crucial for mass crypto adoption. Thanks to the Skyscanner integration, users can complete bookings through Travala and receive rewards through the AVA Smart Program.
This move is part of the platform’s larger strategic approach to expand its reach and normalize the use of crypto payments. Travala continues to add features and integrate with major platforms to boost user involvement and promote cryptocurrency as a means of travel payment.
Solana Becomes Key to Growth StrategyTravala is aiming to make Solana a key component of its future growth. The team sees Solana as fundamental for the expansion of practical applications in the cryptocurrency ecosystem.
The goal is to develop products that leverage Solana’s strengths, including speed, scalability, and low fees. Despite being a multicurrency platform, less than ten of those currencies are supported natively in its user wallets. The Solana integration alleviates this challenge by allowing users to handle Solana assets directly from Travala.
The platform team believes that Solana’s technologies will unlock the next era of cryptocurrency-enabled travel. The company's focus on creating utility for Solana cements its commitment to decentralized finance and the گسترش of digital asset use.
Travala’s Vision and the Challenge of Mass AdoptionAccording to Travala, their aim is to elevate crypto as a payment method used widely in travel. Integrating with Solana and partnering with Skyscanner positions the platform to add more users.
The company’s loyalty program, which gifts up to 10% in rewards, further encourages the use of cryptocurrency for bookings. The accelerated growth, powered by Solana, illustrates the platform’s dedication to advancing cryptocurrency adoption in practical applications.
Travala is currently innovating at the intersection of decentralized finance and the travel industry, making cryptocurrency more accessible than ever for travelers around the world.
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