Travala’s CEO Juan Otero made a significant announcement at Solana Breakpoint in Singapore, revealing that Travala now supports Solana-based payments for booking flights, hotels, and accommodations.
Users can make payments using stablecoins such as USDC and USDT on the Solana blockchain, alongside Solana’s native asset, SOL. This integration allows users to engage with Travala’s services using Solana’s fast, low-cost infrastructure.
Travala Now Supports Solana Payments
Along with a reward system, Travala’s new function lets customers book reservations and receive up to 10% back in SOL through its loyalty program. This is on top of the benefits offered by Bitcoin and AVA, the native cryptocurrency of Travala.
The well-known website Travala allows users to book travel services using cryptocurrencies, and it is constantly adding new payment methods. Customers can already use Bitcoin, Ethereum, and a variety of other cryptocurrencies as forms of payment.
In addition, users can pay for services with Travala’s native token, AVA, and through its loyalty program, customers can earn credits for each booking that can be redeemed for extra services or future discounts.
Solana’s Price Action and Growing Popularity
At a time when the Solana blockchain is garnering a lot of attention, support for Solana payments is released. Growing institutional interest has been a major factor in Solana’s price climb of almost 7% over the past week, which has seen it trade at $147.60.
Franklin Templeton’s recent announcement to include the Solana network into its on-chain mutual fund is one example of such a development. Plans from the $1.4 trillion asset management add to the bullish trend of Solana and show more faith in its infrastructure.
As big platforms like Travala and financial institutions continue to take an interest in Solana, the platform’s position as a major participant in the cryptocurrency ecosystem is solidifying. The addition of Solana-based assets to online travel booking systems is another step in the direction of the general public’s acceptance of cryptocurrencies in everyday life.