Founded in 2017, Travala is among the most popular crypto-native travel platforms, which enables users to pay for services like flights, hotel stays and tours with 141 different cryptocurrencies, including Bitcoin (BTC) and USDC (USDC) via Binance Pay. Related: Bhutan launches tourism crypto payments with Binance Pay and DK BankCrypto payment covers more and more retail industriesThe first real-world Bitcoin transaction — 10,000 BTC for two pizzas — occurred 15 years ago today, on May 22, 2010, now commemorated as Bitcoin Pizza Day.
Related: Crypto spending will grow, but fiat isn’t going anywhere: Mercuryo CEOThe main benefit of using crypto for travel is its borderless, global utility, Jonathan Lim, the global head of Binance Pay, told Cointelegraph.“Travelers can skip currency exchange lines, avoid foreign transaction fees, and pay instantly using assets they already hold,” he added.
Lim told Cointelegraph that’s because “Binance Pay operates as an offchain, closed-loop payment solution within the Binance ecosystem.”Still, most crypto travel payments on Travala are made using stablecoins like Tether’s USDt (USDT) and Cricle’s USDC (USDC).
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