Major hotel booking platform Travala has reportedly added USDT – the Tether-developed crypto coin that has received numerous controversial remarks – to its list of accepted payment options.
Specifically, on January 10th, Travala revealed that Tether (USDT) is an accepted payment solution, for any customers to purchase from its two million linked properties.
“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.” Matt Luczynski – head of Travala – remarked regarding the development.
Apart from Tether, numerous major crypto coins are also eligible form of payments for Travala products, including Bitcoin, Ethereum, XRP, Litecoin, Binance Coin, Bitcoin Cash, Stellar, and Cardano, along with its self-developed coin, AVA.
Tether began offering services in 2017. The stablecoin has ensured then that it would steer clear from fluctuations in price values, with the one-to-one ratio with fiat coins. Traders have expressed significant interests for its coin.
“Merchants used to accept Bitcoin, Ethereum, Ripple and convert it into Tether in order to hedge against the volatility. Now we are seeing the payments just being done directly in Tether.” Sean Mackay, PaymentsSource head of Operations, reportedly claimed.