adds support for Chainlink (LINK) as a payment instrument

Velas (VLX) now added to Travala’s booking platform

Chainlink (LINK) has seen a lot of new partnerships with major companies as of late, but the newest development regarding the coin will bring yet another new use case for it. Mainly, LINK is now supported on as a payment instrument, meaning that LINK Marines can now use it to book tickets and rent apartments with the coin.

Chainlink is now the newest coin supported by Travala

Travala (AVA) announced the addition of LINK as a payment method in a recent tweet, becoming the first booking operator to accept Chainlink as a payment method.

LINK can now be used to pay for over three million travel products across 90,000 destinations, which makes it one of the go-to coins for booking tickets and accommodation.

At the moment, Travala supports over 40 cryptocurrencies, with LINK being the newest addition to the list of supported coins. Users can also select one of the larger coins, such as Bitcoin, Ethereum, Litecoin, XRP, and others, as well as PoS-based tokens, such as ZIL or ADA.

Then, there are stablecoins like Tether, Binance USD, or True USD, and the platform’s own cryptocurrency, AVA.

Not only that, but Travala also supports all major crypto payment systems, such as Swipe Card, Pay, Binance Pay, and others.

Travala reports a massive surge in revenue

Travala offers a variety of services, such as booking airline tickets, hotels, homes, and more. As such, the company itself is a go-to solution for anyone looking to travel anywhere. While traveling has been significantly reduced since the global COVID-19 pandemic has struck the world — over a year ago, now — the first still reported $1,055,562 in revenue for all products.

The figure is 137% above that from February 2020. More than that, the company revealed that a number of cryptocurrencies, including its own AVA, as well as Bitcoin, Ethereum, Tether, and Binance USD, were responsible for over 50% of the payments.

Lastly, AVA, which can also be used for staking, now allows delegators to earn up to 12% in APY. This is expected to provide a greater incentive for stakers to buy AVA and hold it in exchange for rewards.

The post adds support for Chainlink (LINK) as a payment instrument appeared first on Invezz.

Publication date: 
03/04/2021 - 13:11

The views and opinions expressed in this article are solely those of the authors and do not reflect the views of Bitcoin Insider. Every investment and trading move involves risk - this is especially true for cryptocurrencies given their volatility. We strongly advise our readers to conduct their own research when making a decision.