Travala.com Adds Binance Pay
Travala.com is the first merchant partner of Binance’s payment app, letting travelers make crypto payments for booking arrangements.
Launched yesterday, the beta version of Binance Pay will support six cryptocurrencies in the beginning. These include Binance (BNB) coin, stablecoin in BUSD, Bitcoin (BTC), Ethereum (ETH), Swipe (SXP), and Euro (EUR).
Travala currently supports payment in over 30 cryptocurrencies alongside traditional payments like wire transfers and credit card payments. Travala hosts over 2.2 million properties and 600 airlines in 230 countries worldwide.
Binance Pay allows transfer up to $10,000 or perform ten transactions in 24 hours. The receiver can choose to receive payments in their desired cryptocurrency.
The world’s largest cryptocurrency exchange has embarked upon another crypto service, this time competing with crypto payment processors like BitPay, CoinGate, and Crypto.com.
Disclosure: The author held Bitcoin at the time of publication.