Trip.com Introduces Stablecoin Payments with USDT and USDC for Bookings
Trip.com Expands Payment Options with Stablecoins
Trip.com has started allowing some overseas users to pay for prepaid hotel and flight bookings with the stablecoins USDT and USDC for enhanced flexibility in travel payments. This option was enabled on October 9, providing select users with the ability to utilize stablecoins when booking through Trip.com’s international platform.
Growing Adoption of Stablecoins in Travel
This move, while made despite Beijing's strict stance on cryptocurrency activities, signals a noteworthy shift toward the acceptance of stablecoins in transaction environments. A customer service agent confirmed that the payment option is region-specific and may not be available in areas like Hong Kong and mainland China.
The trend towards stablecoin usage demonstrates a notable increase, with over $10 billion worth of stablecoins utilized for payments in August alone, reflecting over double the previous year's figures. This surge highlights the evolving payment landscape as Chinese tech firms, including notable players like Ant Group and JD.com, navigate stablecoin applications.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.