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).
The story "Crypto travelers bring 3x greater lifetime value than fiat users" has 596 words across 25 sentences, which will take approximately 3 - 5 minutes for the average person to read.
Which news outlet covered this story?
The story "Crypto travelers bring 3x greater lifetime value than fiat users" was covered 13 hours ago by Coin Telegraph, a news publisher based in United States.
How trustworthy is 'Coin Telegraph' news outlet?
Coin Telegraph is a fully independent (privately-owned) news outlet established in 2013 that covers mostly crypto news.
The outlet is headquartered in United States and publishes an average of 45 news stories per day.
It's most recent story was published 7 hours ago.
What do people currently think of this news story?
The sentiment for this story is currently Neutral, indicating that people are not responding positively or negatively to this news.
How do I report this news for inaccuracy?
You can report an inaccurate news publication to us via our contact page. Please also include the news #ID number and the URL to this story.
