An online travel agency that accepts cryptocurrencies, Travala, has embedded a Solana blockchain to facilitate more crypto payment methods allowing booking of hotels and flights with Solana (SOL), Tether (USDT) or USD Coin (USDC).
The news was revealed by Travala’s CEO Juan Otero on the 21th of September during the Solana Breakpoint conference in Singapore. This feature makes it possible for travelers to use Solana’s tokens and stablecoins which includes other cryptocurrencies such as, Bitcoin and ethereum enabling the growth of Travala’s cryptocurrency payment system.
Solana Enables Zero-Fee Transactions
In the market of smart contracts and Deo applications, Solana’s rapid and cost effective transaction capacities threaten etherum. With this feature users can make deposits and withdrawals of Solana tokens towards travel bookillings with no transaction charges.
They also want to add somes that users can use in payng fortravels that will e based on SOL. This announcement was also appreciated by crypto users on social media, who were more than happy to predict the frustration free experience of booking travel.
Correspondingly, Coinbase as a topmost crypto exchange has towed along to the SOL network. The firm intends to issue new wrapped Bitcoin product, dubbed “cbBTC”, on its platform on SOL and enable users to place BTC as collateral for DeFi applications.
No specific date has been mentioned but we are given hints on the idea that wrapped bitcoin products allow users to keep control of their assets, which Hassan sighed in Coinbase’s country head in Singapore Hassan Ahmed.
The first and main usage of cbBTC was as piggy backed on the ethereum и base net of networks. The exchange also affirmed that cbbtc is issued against bitcoin deposits with the ratio of 1:1. Well, cbbtc is issued separately without any trading pairs in coinbase.
