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Home»ADOPTION NEWS»Travala Expands Reservation Support for Solana-Based Properties, Offers SOL Travel Rewards
ADOPTION NEWS

Travala Expands Reservation Support for Solana-Based Properties, Offers SOL Travel Rewards

By Crypto FlexsSeptember 21, 20243 Mins Read
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Travala Expands Reservation Support for Solana-Based Properties, Offers SOL Travel Rewards
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Travala, a crypto-based travel booking platform, has been integrated. Solana brush

-0.15%
The fourth-largest blockchain by market cap is expanding support for a third network beyond Ethereum and BNB chains.

Travala CEO Juan Otero announced the news during a panel discussion at Solana Breakpoint in Singapore on Saturday. The integration will allow users to book flights, hotels, and accommodations with Solana-based assets including SOL, USDT, and USDC.

Users can also earn up to 10% of their booking value in SOL travel rewards through the loyalty program, in addition to BTC and Travala’s native token, AVA.

“The Solana network has become one of the most used blockchains due to its cost-effectiveness and scalability,” Otero said in a statement shared with The Block. “The technology that can be leveraged on the Solana network paves a significant path to building the next phase of travel.”

Based on community vote, AVA will be distributed on Solana in addition to the Ethereum and BNB chain versions of the Travala token.

Travala currently supports dozens of cryptocurrencies for bookings, but less than 10 are natively supported in the platform’s user account wallets. After integration, users can now deposit and withdraw SOL, USDT, and USDC directly from the Solana network to their Travala accounts, with no fees for travel bookings.

Travala also plans to embrace Solana in a big way going forward. “Solana will be a cornerstone of Travala’s development strategy, with the goal of building products that expand the real-world utility of the Solana ecosystem,” the Travala team said.

Skyscanner integrates with Travala

Earlier this month, Skyscanner, a global travel marketplace that claims to have 110 million monthly users and 80 billion daily searches, integrated with Travala to offer hotel bookings in over 100 cryptocurrencies.

The Skyscanner integration is a first for a cryptocurrency-based platform, allowing users to search Travala’s inventory of 2.2 million hotels alongside leading travel agents such as Expedia and Booking.com.

Travala was built on the Neo blockchain when it launched in 2017, but migrated to the BNB chain in 2020 to take advantage of the network’s improved scalability, lower fees, and greater adoption as part of a broader effort to enter the cryptocurrency and decentralized finance ecosystem.


Disclaimer: The Block is an independent media outlet providing news, research and data. As of November 2023, Foresight Ventures is the largest investor in The Block. Foresight Ventures invests in other companies in the cryptocurrency space. Cryptocurrency exchange Bitget is an anchor LP of Foresight Ventures. The Block continues to operate independently to provide objective, impactful and timely information on the cryptocurrency industry. Below are the current financial disclosures.

© 2024 The Block. All rights reserved. This article is provided for informational purposes only. It is not provided or intended to be legal, tax, investment, financial or other advice.

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