Meet Tripio – a new blockchain-based hotel booking platform that now allows Binance Coin (BNB) users to book more than 450,000 hotels and residential accommodations using their BNB crypto tokens. The strategic partnership between Binance and Tripio is in the latest cryptocurrency news.
Occuring on December 4th, allowing the 10 million user base in the Binance ecosystem to utilize their BNB altcoin tokens as one of the main currencies on the Tripio platform in order to process bookings.
The head of Binance, Changpeng Zhao (CZ) also confirmed this major milestone in the company’s roadmap, sharing his excitement for the project on his Twitter profile.
— CZ Binance (@cz_binance) December 4, 2018
What’s interesting is that this is not the first crypto integrations of the kind. Over the past two years, large-scale conglomerates such as Expedia, Microsoft and Steam have all announced similar integrations.
The long verification periods, high volatility and lack of liquidity have been the three major factors which created a difficult ecosystem for merchant in the past. However, thanks to the scalability solutions, emergence of fiat on-ramps and stablecoins, this is about to change.
The next step in this merchant adoption is to lead major platforms to reconsider the integration of cryptocurrencies – especially in the field of booking accommodation.
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“We’ve had some bullish moves on ETH, BTC, and altcoins over the last 2 weeks. Is the bear market over? Maybe, the fact of the matter is we are going up. Traders must see PA for what it is and can change bias quickly. If you have been stuck with a bearish lense you are missing out.’’Over the past few months, Bitcoin and the other cryptocurrencies show similar movements. BTC showed weeks of stability but it later plunged by 10 percent. However, the current stability is not a guarantee for improved future performance. The crypto market shows a period of stability for the past couple of weeks. Ethereum made gains during today’s trading session. After the 12 percent surge in the price of ETH, crypto trader DonAlt said:
“Well, this is a proper moon. Not a big liquid spike but rather a nice controlled walk up. Didn’t expect quite this much action into the weekend but I’m not complaining. ETH as the top gainer on BitMEX. Right at resistance here – will be interesting if it can break through or not.”
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