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Travala, a travel booking platform utilizing cryptocurrency, has broadened its payment methods to incorporate prominent tokens from the Solana blockchain.
This announcement was made by Travala CEO Juan Otero on September 21 during the Solana Breakpoint conference held in Singapore, as reported by Solana’s official X account.
With this integration, Travala users can now reserve hotels and flights using Solana’s native token, SOL, along with stablecoins Tether (USDT) and USD Coin (USDC) that operate on the Solana network.
This initiative is anticipated to increase the platform’s attractiveness among cryptocurrency enthusiasts who favor the Solana blockchain due to its rapid and cost-effective transactions.
Solana Gains Traction for its Efficiency
Solana, a direct rival to Ethereum, has gained prominence in the blockchain ecosystem for its effectiveness in executing smart contracts and decentralized applications (DApps).
The partnership with Travala highlights Solana’s expanding influence and the growing utilization of its network in practical applications.
The new collaboration also facilitates direct deposits and withdrawals of Solana-based tokens in Travala accounts, providing users with a zero-fee transaction experience for travel bookings.
This integration represents an enhancement from Travala’s current support for other cryptocurrencies such as Bitcoin and Ether, offering increased flexibility and lowering costs for users.
Solana x Travala = seamless travel bookings!
— Travala.com
![Travala Broadens Cryptocurrency Payment Choices to Incorporate Solana-Linked Tokens1]()
(@travalacom) September 21, 2024
In a related update, cryptocurrency exchange Coinbase has also expressed its support for Solana.
The firm intends to launch a wrapped Bitcoin asset, cbBTC, on the Solana network.
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This product, which is currently available on Ethereum and Base, enables users to use Bitcoin as collateral in decentralized finance applications while maintaining control over their assets.
Recently, Franklin Templeton, which manages over $1.4 trillion in assets, announced intentions to establish a mutual fund natively on Solana.
Similarly, Citigroup is investigating the blockchain’s potential for smart contracts and cross-border payments.
Citigroup also recognizes Solana’s capabilities for cross-border money transfers and smart contract execution.
The announcements were made during the Solana Breakpoint 2024 event in Singapore.
Solana Unveils New Seeker Smartphone
Last week, Solana officially launched its newest smartphone, called “Seeker,” which the company claims represents a significant advancement in Web3 mobile technology.
Priced at approximately half the cost of its predecessor, Seeker aims to draw users with improved features and a wider appeal beyond just memecoin fans.
A key feature of Seeker is its enhanced decentralized app (DApp) store, designed to provide developers with a platform to swiftly launch new applications.
Additionally, the new model’s hardware enhancements are also aimed at attracting consumers.
The original Saga faced criticism for its technical shortcomings compared to mainstream devices like the iPhone or Google Pixel.
Now, Seeker is expected to feature a higher-quality display, improved cameras, and a superior battery, making it “lighter, brighter, and better” than its predecessor.
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