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Travel companies supported by Binance, Travala.com and TravelByBit are merging

May 20, 2020

The hotel reservation service Travala.com and the flight booking website TravelByBitThey announced that they would accept cryptocurrencies as a form of payment a fusion of their platforms.

According to an announcement on May 20, Travala.com and TravelByBit They are merged into one platform where users can book in more than 2 million hotels and 600 airlines.

An initiative supported by Binance

Both companies are supported by Binance. The exchange’s CEO, Changpeng Zhao, praised the companies for believing they could offer a next-generation travel booking service to the cryptocurrency community.

Travel companies supported by Binance, Travala.com and TravelByBit are merging
Travel companies supported by Binance, Travala.com and TravelByBit are merging

Travala.com currently supports Fiat currency payments and over 25 popular cryptocurrencies including Bitcoin (BTC), Ether (ETH), Litecoin (LTC), Binance Coin (BNB) and Binance Dollar (BUSD), and offers a best price guarantee.

Furthermore, The platform also has its own AVA token that allows users to access bonuses and discounts that will soon be available on TravelByBit. A Travala spokesman said:

“As the native cryptocurrency of the Travala.com platform, AVA can now be used as part of our smart program for payments, receiving loyalty rewards and access to exclusive discounts and bonuses. […] Every time a reservation is made at Travala.com, the traveler receives 2% of the total price of the reservation at AVA “.

High hopes for adoption

A company representative told Cointelegraph, “The merged platform predicts sales of over $ 10 million over the next 12 months based on growth in travel bookings before travel restrictions are set – the COVID-19 pandemic.”

The companies claim that the merged platform will be better than traditional alternatives as it offers token awards and more payment options. The platform also focuses on the underserved niche of blockchain and cryptocurrency enthusiasts.

As reported by Cointelegraph in November 2019, Travala.com has partnered with Booking.com to allow its users to book accommodations that are available on the travel giant’s website. January reports showed that usage of the platform increased by 33% after the partnership.