Travala – Crypto Market Insights: Dive In with CryptoUpdate.io https://cryptoupdate.io Latest cryptocurrency news, market updates and analysis Tue, 30 Mar 2021 11:27:56 +0000 en-US hourly 1 https://wordpress.org/?v=6.9 airBaltic will accept more cryptocurrencies for payments https://cryptoupdate.io/2021/03/30/airbaltic-will-accept-more-cryptocurrencies-for-payments/ https://cryptoupdate.io/2021/03/30/airbaltic-will-accept-more-cryptocurrencies-for-payments/#respond Tue, 30 Mar 2021 11:27:48 +0000 https://cryptoupdate.io/?p=247 Latvian airline airBaltic will now accept a wider range of cryptocurrencies for payment, Simple Flying reports. According to the source, the airline was the first to start accepting Bitcoin as a payment method back in 2014. Now, customers of the company will be able to pay for products and services in other crypto assets. These […]

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]]> Latvian airline airBaltic will now accept a wider range of cryptocurrencies for payment, Simple Flying reports. According to the source, the airline was the first to start accepting Bitcoin as a payment method back in 2014. Now, customers of the company will be able to pay for products and services in other crypto assets. These include Ethereum (ETH), Bitcoin Cash (BCH), Dogecoin (DOGE), and four stablecoins, including Gemini Dollar (GUSD), USD Coin (USDC), Binance USD (BUSD), and Paxos Standard Token (PAX). The move was possible thanks to the partnership with BitPay.

Bitcoin and other cryptocurrencies as payment methods are gaining wider acceptance in the travel industry. Travel booking website Travala.com accepts over 30 types of cryptocurrencies for products and services on its website. It has recently become the first merchant to integrate with Binance’s payment technology Binance Pay. In addition, using Travala, users can also book over 700,000 hotels from Expedia Group.

However, the use of crypto for payments among airlines is still not widespread. Apart from airBaltic, LOT Polish Airlines also accepts payments in Bitcoin since 2015. Norwegian Air also revealed in 2020 that the crypto trading platform Norwegian Block Exchange (NBX) developed a payment infrastructure to allow airline customers to pay with digital currencies.

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]]> https://cryptoupdate.io/2021/03/30/airbaltic-will-accept-more-cryptocurrencies-for-payments/feed/ 0 Binance Pay introduces the Pay and merchant features https://cryptoupdate.io/2021/03/12/binance-pay-introduces-the-pay-and-merchant-features/ https://cryptoupdate.io/2021/03/12/binance-pay-introduces-the-pay-and-merchant-features/#respond Fri, 12 Mar 2021 10:02:51 +0000 https://cryptoupdate.io/?p=151 Binance’s payments platform Binance Pay has added new functions like the Pay and merchants. Per the company’s blog post, the Pay feature aims to promote crypto adoption by making it easier and more secure for clients to use cryptocurrencies for payments. The platform supports over 30 digital assets. Moreover, users can move their funds as […]

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]]> Binance’s payments platform Binance Pay has added new functions like the Pay and merchants. Per the company’s blog post, the Pay feature aims to promote crypto adoption by making it easier and more secure for clients to use cryptocurrencies for payments. The platform supports over 30 digital assets. Moreover, users can move their funds as they wish between Binance Pay and their Binance wallets.

In addition, according to the blog post, the technology features a Merchant API. It enables both online and offline merchants to accept crypto payments. One of the online merchants, travel agency Travala, has integrated Binance Pay on its platform last month. It became the first merchant to do so.  

Binance Pay is a payments technology that allows users to send and receive crypto to and from users all around the world. It is available for clients who registered on the website of the cryptocurrency exchange Binance.com and completed the identity verification process. The payments platform had a quiet release of its beta version in February this year. It was initially available only for peer-to-peer transactions and supported six cryptocurrencies.

Another cryptocurrency exchange also launched a payment service this month. Bitfinex, the fifth-largest exchange on CoinMarketCap.com, announced the launch of Bitfinex Pay. Their service can be placed as a widget on a merchant’s website to allow crypto payments.

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