Crypto.com, the Hong Kong-based cryptocurrency payments provider, announced a partnership with Travala.com, the cryptocurrency-friendly travel booking platform, on February 27.
https://t.co/ZlCdbcuFV5#Crypto #payments #fintech — Drebbel (@Drebbel_eu) February 27, 2020
It has been reported that the deal will see Crypto.com’s payment app integrated onto the Travala.com website by providing a streamlined gateway for bookings to be made on the platform. Previously, customers needed to manually complete transfers using their wallets when seeking to make purchases using cryptocurrencies.
However, the companies emphasize that Crypto.com Pay’s 1 million users can now access 2 million accommodations in 230 countries.
It has been analyzed that Travala.com customers can use Crypto.com Pay to make payments in Bitcoin (BTC), Ether (ETH), Litecoin (LTC), Ripple (XRP), and Crypto.com’s CRO token. Travala.com now accepts payments via credit card, PayPal, Crypto.com Pay, or 25 different crypto assets.
In a press release, Kris Marszalek, the Co-founder and CEO of Crypto.com, said that Travala is “a well-recognized brand in the crypto community.”
Similarly, Steve Hipwell, the Co-founder and COO of Travala.com, stated that he hopes the partnership will “further drive cryptocurrency adoption to the masses and make paying with cryptocurrency a norm.”
Also, Eric Anziani, the COO of Crypto.com, told that his company is actively pursuing additional partnerships to expand its merchant network.
<img width="1024" height="512" src="https://www.cryptonewspoint.com/wp-content/uploads/2020/02/photo_2020-02-27_15-13-23-1024x512.jpg" alt="" class="wp-image-11536 lazyload" />
Image: blog.travala.com
Over the past two weeks, Crypto.com has launched support for two new stablecoins. On February 27, TrustToken (TUSD) announced a partnership launching TUSD payments through Crypto.com’s Visa card, as TrustToken says that the deal will allow TUSD to be used for payments with 40 million merchants globally.
Thus, on February 17, Crypto.com became the first platform to list XSGD — a Singapore dollar-backed stablecoin developed by blockchain platform Zilliqa and Singaporean fintech firm Xfers.
Source: blog.crypto.com | cointelegraph.com