Andrew Tate’s meme coin, Daddy, is now accepted for hotel, flight, and car rental bookings on Travala, following a court decision allowing Tate and his brother Tristan to travel across Europe.
Travala, a Binance-based platform, supports various cryptocurrencies, including Daddy, for booking services across over 2.2 million hotels worldwide.
This trend sees celebrities actively issuing and backing their own meme coins. Recently, figures like Davido, Caitlyn Jenner, and Iggy Azalea have launched their own coins on Solana.
Tate’s active involvement with Daddy token marks a new level of celebrity endorsement in the crypto world, highlighting the growing influence of meme coins.
Tate, arrested in December 2022 on charges of human trafficking and sexual exploitation, was placed under house arrest but is now permitted to travel within the EU.
He proclaimed his freedom on social media, emphasizing the collapse of the case against him, as he prepares for a global tour. The adoption of Daddy by Travala could pave the way for wider acceptance of such tokens, potentially influencing how cryptocurrencies are utilized in mainstream commerce.
A stablecoin lost its peg to the US dollar on Wednesday morning, following allegations that the company behind it, based in Hong Kong, was facing bankruptcy.
Binance, one of the largest cryptocurrency exchanges globally, is enchancing its Spot trading platform by introducing new trading pairs and Trading Bot services.
The crypto market constantly sees new assets emerge, but not all make a lasting impact. Some coins slowly gain value, while others quickly lose momentum.
A prominent crypto analyst, known as Cheds, has issued a warning about Dogecoin’s (DOGE) potential decline amid the ongoing market correction.