Cardano ADA Now Accepted at More Than 1 Million Hotels!!!
Today, I have picked out a list of four trending news items on the crypto sphere. Let me give you a quick look at all of them. First up, Travala.com, an online hotel booking platform, just added ADA token as a payment intermediary for 1.65 million hotels. Next, really interesting to see that XRP accounts for over 50% of all crypto transactions in the last 24 hours. Thirdly, DAI, a decentralized stablecoin created by MakerDAO, is now available where VISA cards are accepted, while Tether’s USDT is starting to gain traction in the e-commerce industry. And lastly, the head of the crypto wallet Calibra David Marcus claimed that Anti-Money Laundering (AML) standards from Libra will be better than other payment networks.
The Market Today
Here we have a market correcting after some gains made yesterday. Bitcoin is heading down by 2.48%, back to the $9,192 price. The second and the third largest crypto, ETH and XRP, are also losing 4.13% and 2.2% respectively.
ADA payment is now available on Travala.com
Travala.com, a crypto-friendly online hotel booking service, has just added support for the ADA token, making it available for booking on its platform, which contains over 90,000 destinations and over 1.65 million accommodation offerings in 230 countries and territories around the world. Now, adding the ADA token as a payment option will help drive the use of ADA for travel-related services and promote Travala.com among the ADA community, who can now book accommodation globally via the Travala.com platform. As a promotion for their new payment service, if ADA holders book rooms on Travala.com and pay by ADA, they will receive an exclusive 5% ADA-Back for all bookings paid in ADA until the 7th November 2019. Overall, if we include the ADA token, Travala.com currently accepts 20 different cryptocurrency payment options, in addition to a range of traditional forms of payment which include credit cards, debit cards, and PayPal.
XRP makes up 50% of today’s crypto transactions
According to a report on Cointelegraph, the third-largest cryptocurrency in the world, XRP, witnessed a dramatic surge of 1.7 million when it comes to its trading volume, reportedly adding up to more than half of the crypto transactions yesterday. According to BitinfoCharts, XRP’s daily transactions now account for more than 50% of all cryptocurrency transaction during the past 24 hours. Ether comes in second while BItcoin and Bitcoin SV come in at shared third place. The last time XRP’s daily transactions hit these levels, the crypto markets were reveling in the middle of the famous bull run of December 2017. It’s interesting to see that around a week ago, on October 21, XRP processed around 730,000 daily transactions, which constitutes an increase of more than 100% in less than a week. Since then XRP has been eyeing a new all-time high in daily transactions. While we’re not too sure what’s causing the boost in daily transactions, some believe that it could be Ripple’s upcoming Swell even next month, or their partnership with Payment Service Moneygram.
DAI is now available in E.U. stores – Tether expands to e-commerce
According to reports, it looks like stablecoin adoption is coming. The DAI stablecoin can be used pretty much anywhere, where Visa is accepted. Meanwhile, Bloomberg reported the growing use of USDT in the e-commerce industry. Regarding DAI’s new move, it is actually an integration between DAI and 2Gether. A representative from the company revealed that this is the very first cryptocurrency to be integrated into the platform. The latest integration enabled 2Gether users to use their DAI like euros, without fees. It is also available with a dedicated card. Furthermore, the DAI owners can make transactions with 13 cryptocurrencies, free of charge, and send DAI to external addresses. Shifting to Tether news, it looks like this stablecoin is keen to expand to e-commerce organizations. Paolo Ardoino, CTO at Tether and Bitfinex, argued that Tether can help boost the speed of activities because it is much faster than credit cards and traditional payment systems. He went on to say:
“Merchants need to have a stablecoin in order to protect their businesses from the volatility of other crypto assets such as Bitcoin. Tether is being widely used by merchants and e-commerce outfits but as this is a new trend we are still collecting and evaluating the data.”
Calibra Head: Libra will have one of the best AML
According to Cointelegraph, the CEO of Calibra David Marcus believes that Anti-Money Laundering (AML) standards for Facebook’s proposed stablecoin Libra will be much better than other payment networks. Now, this idea was shared during the Money 20/20 conference in Las Vegas. He pointed out that the new blockchain technology on top of Libra enables regulators to better observe crypto transactions as well as identify suspicious activities on the platform. He stated:
“The open ledger – the blockchain – enables regulators to look at what is happening themselves and identify where the risk is without relying on reports. The onus is on us to do that work and now that we have the governance structure in place, we can now demonstrate this improvement.”
According to Marcus, the upcoming network is available to join by anyone who is compliant with AML and know-your-customer standards.
That’s all for today guys! So what are your thoughts regarding all the news?
Are you excited to see a boost in support for the ADA token?
Why is XRP’s trading volume increasing like crazy?
Are you keen to see Stablecoins enter the mainstream market?
Will governments open up to LIbra?
Please leave a comment right below to let me know what you guys are thinking.
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Disclaimer: Cryptopig content is written by a team of blockchain passionate people. We are not registered as investment advisors. Don’t take the information in this post as investment advice and make sure you do your own research before investing. Cryptocurrencies are a very risky investment, never invest more money than you can afford to lose.