Crypto-friendly hotel booking giant Travala now accepts payment from a controversial cryptocurrency leader.
On Jan. 10, Travala announced that Tether (USDT) is now a valid form of payment at its two million linked properties. Travala CEO Matt Luczynski said: Part of our mission is to provide our users with a wide choice of the most well-known and used cryptocurrencies so it made perfect sense for us to integrate USDT as a payment option on Travala.com.
In addition to Tether, Travala also accepts payments of Bitcoin, Ethereum, XRP, Litecoin, Binance Coin, Bitcoin Cash, Stellar, and Cardano, as well as its own coin, AVA.
Tether entered the crypto market in 2017. The stable coin promised to avoid price fluctuations with its one-to-one ratio with fiat currency. Merchants showed eagerness for the Hong Kong-based coin.
Merchants used to accept Bitcoin, Ethereum, Ripple and convert it into Tether in order to hedge against the volatility,” said Sean Mackay, operations lead at PaymentsSource, a financial services resource. “Now we are seeing the payments just being done directly in Tether.”