Travel Co Travala.com accepts Bitcoin payments

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Travala.com, a global travel company, now accepts bitcoin payments over the Lightning Network using OpenNode, according to a press release.

Travala CEO Juan Otero said in the statement that the move was an “important and necessary step” towards increased adoption of crypto around the world.

“At Travala.com, we are constantly exploring ways to further bridge the blockchain and travel divide, so working with OpenNode to enable bitcoin payments on the Lightning Network was a natural fit for us to continue to innovate towards it. future of travel. ”Otero said in the statement.

Travala had previously accepted bitcoin, but the integration will allow Travala to accept bitcoin payments instantly and affordably, according to the release.

OpenNode’s chief marketing officer, Ryan Flowers, said in the statement that the partnership “can show that bitcoin can serve as a medium of exchange and improve payments for the entire travel industry. The travel industry suffers from the downturns of traditional currencies such as chargeback fraud, long payment times, and high processing fees, and with bitcoin payments on the Lightning Network, we can fix all of these issues.

In other news, the price of bitcoin fell for the second day in a row, positioning the coin for a fifth straight week of decline, Bloomberg reported.

The popular crypto fell around 4.3% to $ 46,501, according to the report. Bitcoin was down about 32% from its all-time high of nearly $ 69,000 on November 10. However, the coin has gained around 60% this year.

Ether, which has also hit a record high since November, continued to decline for the second day in a row, according to the report.

Central banks around the world have made the fight against inflation a top priority. Monetary parameters are getting tighter, forcing investors to question whether cryptos are about to have a tougher season, according to the report.

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