Travala Enables Payments with Hedera’s HBAR for Travel Bookings

With cryptocurrencies coming into traditional businesses, several companies have already shown interest in accepting major digital assets, while others would accept any coin that has value.

According to an official report by the HBAR Foundation, customers holding native tokens will have full access to all services, and able to choose from a variety of homes, activities, and airlines in a selection of countries.

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The Hedera network is a public ledger that supports a variety of dApps, built on Hedera’s own hashgraph algorithm which is not considered a blockchain, but rather a separate technology that is supposedly more secure and faster.

Shane Sibley, who is the Head of Business Development at Travala, spoke on the partnership with Hedera:

"As we continue to expand our network of cryptocurrency accessibility, we’re particularly excited to onboard HBAR, as Hedera is one of the fastest and most energy-efficient networks. HBAR is accelerating the payment process with their transaction speeds for bookings, thus creating a better user experience and journey for travelers."

Travala has previously received backing from the largest cryptocurrency exchange Binance and has its own token AVA that can be used for services on the platform. At the time of writing this article, Travala’s token sits at $1.45.

Back in January, AirBnB's CEO hinted at enabling crypto payments for rental services like short-term apartments sometime this year.

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