Blockchain travel startup Travala.com teams up with Litecoin Foundation

Blockchain-based hotel booking platform Travala.com has entered into a partnership with Litecoin Foundation to accelerate the use of cryptocurrency …

Blockchain-based hotel booking platform Travala.com has entered into a partnership with Litecoin Foundation to accelerate the use of cryptocurrency payments.

As part of this partnership, Travala.com and Litecoin Foundation are launching the #TravelWithLitecoin campaign, in which they will enable users to save up to 40% on hotel bookings through Travala.com and Litecoin’s LoafWallet. In addition, Travala.com will be the official accommodation partner for the upcoming Litecoin Summit.

“The consumer is in the driver seat when it comes to achieving mass-market cryptocurrency adoption, and we’re delighted to embark on this journey with the Litecoin Foundation with a unified goal: to bring the mainstream use of cryptocurrencies into everyday life. This is a proud milestone for us as we continue building out our platform to welcome those who share the same vision for the crypto economy,” Matthew Luczynski, CEO and Founder of Travala.com said.

The #TravelWithLitecoin campaign encourages the Litecoin community to use LTC as a form of everyday payment. In addition to booking plane tickets, gift cards, vintage collectibles, and private travel, LTC holders can now book their hotel stays with ease through the Travala.com platform and Litecoin’s LoafWallet.

Litecoin is currently the fifth largest cryptocurrency by market cap and trading at $76 at the time of writing.

With a reach of over 210 countries and territories, Travala.com’s portfolio of over 82,000 destinations serves as a gateway to a more inclusive travel booking experience. The blockchain-based platform offers an equitable pricing model that benefits both consumers and hotel partners alike. In addition to accepting Litecoin, it accepts other cryptocurrencies including Bitcoin, XRP, bitcoin cash, and Tron (TRX), as well as PayPal, Visa and MasterCard.

“We are excited to work with Travala.com to make it easier for Litecoin users to #TravelWithLitecoin,” said Charlie Lee, Creator of Litecoin and Managing Director of the Litecoin Foundation. “Nothing aids mass adoption more than real-world use cases, and the opportunity to use a global currency like Litecoin to travel around the world is a powerful one.”

According to the press release, Travala.com will be the official accommodation partner for the upcoming Litecoin Summit. The flagship conference will run from October 28-29, 2019 in conjunction with Evolv’s Vegas Blockchain Week and will feature some of the world’s leading blockchain and crypto experts and visionaries such as Charlie Lee, Anthony Pompliano, and Tim Draper.

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Litecoin Forges New Partnerships For Mainstream Adoption

Charlie Lee, creator of Litecoin, has recently stated in an announcement that it has entered into a partnership with Travala.com, a blockchain-based …

May 10, 2019 05:46&nbspUTC

| Updated:

May 10, 2019 at 05:46&nbspUTC

By&nbspSumedha Bose

Charlie Lee, creator of Litecoin, has recently stated in an announcement that it has entered into a partnership with Travala.com, a blockchain-based hotel booking platform.

Litecoin is doing everything in its power to ink new deals to fuel its bid for mainstream adoption. Travala.com is a blockchain company, that can serve as insipration for the likes of Expedia, who have refused to accept Bitcoin. Once Travala starts accepting Litecoins, it might push the others to adopt it as well.

Lee stated:

“We are excited to work with Travala.com to make it easier for Litecoin users to #TravelWithLitecoin. Nothing aids mass adoption more than real-world use cases, and the opportunity to use a global currency like Litecoin to travel around the world is a powerful one.”

Bitcoin has been doing extremely well of late, but people have been noticing a period of slump for altcoins. However, Litecoin price has been on the rise, as you can see from the CoinMarket Cap grah below.

Litecoin, LTC

Source: CoinMarketCap

This new deal will allow travelers to slash 40% of their hotel costs by paying with Litecoin on Travala.com. Travala.com has a portfolio of approximately 600,000 properties spanning hundreds of countries and territories. So even though the platform has partnerships with both Litecoin and Bitcoin, the loyalties of customers do not have to be divided.

The market is noticeably amped up about this partnership, as this would encourage the mainstream adoption of both Bitcoin and Altcoins in the market. Litecoins has also been building up a solid brand image with the launch of Litecoin Core v0.17.1, which has resultsed in significantly lower default transaction fee.

“The default minimum transaction fee -mintxfee has been lowered to 0.0001 LTC/kB after relaxing the minimum relay and dust relay fee rates in prior releases.”

Sumedha Bose

Sumedha uses words as her crutch to get by in life. She takes a keen interest in debating, dancing and destroying the patriarchy in her free time. She can be contacted at [email protected].

Litecoin Quickens Mainstream Adoption, Inks Address Blockchain Startup Travala

CCN: Excluding bitcoin, Litecoin is arguably doing greater than any other coin for mainstream adoption. Most recently, Litecoin Creator Charlie Lee …

CCN: Excluding bitcoin, Litecoin is arguably doing greater than any other coin for mainstream adoption. Most recently, Litecoin Creator Charlie Lee has inked a partnership with Travala.com, a blockchain-essentially based mostly resort booking platform. Even when Travala.com is one other blockchain company, it’s a play on the lope industrial and represents a consume case that can abet as a mannequin for future deals. While Expedia has shied a ways from accepting bitcoin, it might per chance maybe maybe change its tune if Travala.com’s Litecoin payments take off.

Charlie Lee acknowledged in the announcement:

“We’re furious to work with Travala.com to make it more straightforward for Litecoin customers to #TravelWithLitecoin. Nothing aids mass adoption greater than right-world consume instances, and the opportunity to consume a world forex admire Litecoin to lope across the arena is a highly efficient one.”

Angry to work with @travalacom to inspire you #TravelWithLitecoin! ⚡️✈️ https://t.co/ToxBUGyNBF

— Litecoin Basis (@LTCFoundation) Might per chance well fair 9, 2019

Attributable to the kind out Travala.com, vacationers can carve 40% of their resort charges by paying with Litecoin on Travala.com. To kick issues off, Travala.com is partnering with the Litecoin Basis for the upcoming Litecoin Summit, which is ready to unfold for the period of Las Vegas’ Blockchain Week in the autumn. By the arrangement, the blockchain-essentially based mostly lope startup will most certainly be the first payment accomplice of the Bitcoin 2019 event. It’s no longer as if prospects paying with crypto must compromise, both. Travala.com has a portfolio of nearly about 600,000 properties spanning hundreds of international locations and territories.

Followers of every and every projects cheered the attain on Twitter, including one particular person ready to detect Charlie Lee tweet about Travala.com.

Litecoin Rate Is on Fireplace

The LTC heed is basically trading lower this day in the mixed cryptocurrency market. Nevertheless the fifth-supreme coin has greater than doubled its heed one year-to-date. It’s a reflection of a brand recent-and-improved Litecoin Basis that’s taking control of its destiny even supposing the venture is decentralized.

Litecoin, LTC

The Litecoin heed has greater than doubled one year-to-date. | Offer: CoinMarketCap

Litecoin’s Amazingly Lower Costs

Charlie Lee has a vision for Litecoin, one that entails a quicker and more affordable cryptocurrency vs. bitcoin. He’s managed to invent that and in the most contemporary software replace kicked issues up a notch. The discharge of Litecoin Core v0.17.1 ends in a lower default transaction payment, which customers cheered on social media. Primarily based mostly on the announcement:

“The default minimum transaction payment -mintxfee has been lowered to 0.0001 LTC/kB after relaxing the minimum relay and dust relay payment rates in prior releases.”

Just a few customers were upset with the timing of the announcement, which had the uncomfortable overlap with the Binance bitcoin hack. Charlie Lee, on the choice hand, wasn’t deterred, asserting:

“Why would we end working? Why invent developers prefer to time the market with releases?”

From what Lee’s hinted at, there are more Litecoin Basis partnerships in the pipeline.

About The Author

Gerelyn Terzo

Gerelyn is a fintech and cryptocurrency journalist who began her profession writing about earlier finance/Wall Avenue. She has been reporting on monetary services for the previous 15-plus years. In stout disclosure, she holds bitcoin (BTC).

Source

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Litecoin Hastens Mainstream Adoption, Inks Deal with Blockchain Startup Travala

By CCN: With the exception of bitcoin, Litecoin is arguably doing more than any other coin for mainstream adoption. Most recently, Litecoin Creator …

By CCN: With the exception of bitcoin, Litecoin is arguably doing more than any other coin for mainstream adoption. Most recently, Litecoin Creator Charlie Lee has inked a partnership with Travala.com, a blockchain-based hotel booking platform. Even though Travala.com is another blockchain company, it’s a play on the travel industry and represents a use case that can serve as a model for future deals. While Expedia has shied away from accepting bitcoin, it could change its tune if Travala.com’s Litecoin payments take off.

Charlie Lee stated in the announcement:

“We are excited to work with Travala.com to make it easier for Litecoin users to #TravelWithLitecoin. Nothing aids mass adoption more than real-world use cases, and the opportunity to use a global currency like Litecoin to travel around the world is a powerful one.”

Excited to work with @travalacom to make it easier to #TravelWithLitecoin! ⚡️✈️ https://t.co/ToxBUGyNBF

— Litecoin Foundation (@LTCFoundation) May 9, 2019

As a result of the deal with Travala.com, travelers can slash 40% of their hotel costs by paying with Litecoin on Travala.com. To kick things off, Travala.com is partnering with the Litecoin Foundation for the upcoming Litecoin Summit, which will unfold during Las Vegas’ Blockchain Week in the fall. Incidentally, the blockchain-based travel startup is also the official partner of the Bitcoin 2019 event. It’s not as though customers paying with crypto have to compromise, either. Travala.com has a portfolio of nearly 600,000 properties spanning hundreds of countries and territories.

Followers of both projects cheered the development on Twitter, including one person waiting to see Charlie Lee tweet about Travala.com.

Litecoin Price Is on Fire

The LTC price is actually trading lower today in the mixed cryptocurrency market. But the fifth-biggest coin has more than doubled its value year-to-date. It’s a reflection of a new-and-improved Litecoin Foundation that is taking control of its destiny even if the project is decentralized.

Litecoin, LTCLitecoin, LTC

The Litecoin price has more than doubled year-to-date. | Source: CoinMarketCap

Litecoin’s Amazingly Lower Fees

Charlie Lee has a vision for Litecoin, one that includes a faster and cheaper cryptocurrency vs. bitcoin. He’s managed to do that and in the latest software update kicked things up a notch. The release of Litecoin Core v0.17.1 results in a lower default transaction fee, which users cheered on social media. According to the announcement:

“The default minimum transaction fee -mintxfee has been lowered to 0.0001 LTC/kB after relaxing the minimum relay and dust relay fee rates in prior releases.”

A couple of users were disappointed with the timing of the announcement, which had the unfortunate overlap with the Binance bitcoin hack. Charlie Lee, however, wasn’t deterred, saying:

“Why would we stop working? Why do developers need to time the market with releases?”

From what Lee’s hinted at, there are more Litecoin Foundation partnerships in the pipeline.

Roger Ver: Litecoin’s founder, Charlie Lee, has no idea why Bitcoin [BTC] became popular

When asked about what his thoughts were on Litecoin’s creator Charlie Lee, Roger Ver said, that Charlie Lee was waiting for Bitcoin to slack so …

Roger Ver, the founder, and CEO of Bitcoin.com, recently gave an interview at the Bitcoin SV channel. When asked about what his thoughts were on Litecoin’s creator Charlie Lee, Roger Ver said, that Charlie Lee was waiting for Bitcoin to slack so Litecoin can pick up from there.

“His whole goal, from day one, was to be right there ready to pick up the (BTC’s) slack.”, says Roger Ver.

He further adds that the moment Bitcoin’s transaction fee rises and reliability reduces Litecoin would be promoted as the best alternative to Bitcoin. He also adds that if Bitcoin is completely reliable then Litecoin would be pointless.

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“If it wasn’t for the crippling of BTC, Litecoin would be completely pointless and worthless.”

He closes his topic on Charlie Lee by saying,

“I don’t know how much Charlie is in it for the money or not, but I do know that he has zero understanding of the economics of why Bitcoin became popular, to begin with.”

Litecoin’s the sidechain of Bitcoin [BTC]

According to Charlie Lee, Litecoin isn’t competing with Bitcoin but rather acts like a sidechain to Bitcoin. Charlie Lee says that major Bitcoin changes can be first tested on Litecoin and if successful they can be implemented on the main Bitcoin blockchain. One example of this is the implementation of privacy protocol, Mimblewimble protocol.

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