Championing the freedom of crypto beyond borders, Travala.com integrates GUSD to Accept Payments in its First Major Stablecoin, the Gemini Dollar
London, United Kingdom –– December 11, 2019 — Today Travala.com, the world’s leading cryptocurrency-friendly hotel booking service announced that they are now accepting Gemini’s Gemini dollar (GUSD) as a form of payment. GUSD becomes the first major stablecoin to be accepted on Travala.com and joins an ever-expanding club of the biggest digital assets, including Bitcoin, Ethereum, XRP, Litecoin, Bitcoin Cash, EOS and BNB to name a few.
Travala.com connects travellers with one of the world’s largest selection of incredible places to stay, including everything from hotels, apartments, villas and hostels to 5-star luxury resorts. The Travala.com platform currently offers over 2,000,000 properties covering 90,124 destinations in 230 countries. With prices up to 40% cheaper than mainstream travel booking platforms, travellers can save money and use 21 different cryptocurrencies, including GUSD, to pay for accommodation bookings on the website, while earning AVA rewards with every booking.
Matthew Luczynski, CEO and Founder of Travala.com, said “We are honoured to be announcing this collaboration with Gemini and to have GUSD become our first major stablecoin. Together with Gemini, we will drive further adoption of cryptocurrencies.”
Michael Breu, Gemini’s Chief Strategy Officer, said “We’re excited that Travala.com has added Gemini dollar as a payment option on their platform. Gemini dollar allows Travala’s global users to pay in crypto that is backed by the price stability and creditworthiness of the US dollar.”
Appealing to both cryptocurrency users and everyday travellers, this collaboration is envisaged to further drive the utility of GUSD globally. Gemini is a US based cryptocurrency exchange and custodian regulated by the New York State Department of Financial Services as a limited purpose trust company. GUSD is pegged 1:1 to the US dollar, and the balance is verified every month to ensure the 1:1 ratio. GUSD can now be used to pay for accommodation booking globally via Travala.com.
Travala.com is the world’s leading cryptocurrency-friendly hotel and accommodation booking service with 2,000,000+ properties in 230 countries and a champion of cryptocurrency adoption, accepting over 20 leading cryptocurrencies in addition to traditional payment methods.
Gemini Trust Company, LLC (Gemini) is a cryptocurrency exchange and custodian that allows customers to buy, sell, and store cryptocurrencies like bitcoin, bitcoin cash, ether, litecoin, and zcash. Gemini is a New York trust company that is subject to the capital reserve requirements, cybersecurity requirements, and banking compliance standards set forth by the New York State Department of Financial Services and the New York Banking Law. Gemini was founded in 2014 by twin brothers Cameron and Tyler Winklevoss to build a bridge to the future of money.