Trip.com Expands Payment Options with Stablecoins USDT and USDC

In a notable development for the travel industry, Trip.com has begun to accept stablecoin payments for prepaid hotel and flight bookings from select international users. The introduction of USDT and USDC options marks a significant step towards embracing digital currencies, reflecting a broader trend of acceptance for these US dollar-pegged tokens.

Launch of Stablecoin Payments

On October 9, Trip.com initiated this innovative payment method, as confirmed by a customer service representative. Users in certain regions can now take advantage of the stablecoin payment option when making prepaid reservations via Trip.com’s internationally accessible platform.

Context and Impact

This shift comes despite China’s strict regulations surrounding cryptocurrencies. Reports from Chinese blockchain news outlet Foresight News indicate that a journalist successfully booked a hotel and flight using USDT while in Vietnam, benefiting from lower prices compared to Trip.com’s mainland-focused counterpart, Ctrip.

User Experience and Regional Limitations

While the acceptance of stablecoins showcases a pioneering approach, it’s important to note the geographical limitations in implementation. Users in mainland China and certain other markets, such as Hong Kong, do not have access to the stablecoin payment option. Instead, the platform presents this feature based on the user’s IP address, highlighting a selective rollout strategy by Trip.com.

Response from Trip.com

As of now, Trip.com has not provided any formal comments on this new feature, leaving some questions unanswered regarding future expansions or changes in their stablecoin policy.