The hotel reservation service at Travala.com and TravelByBit airline, which accept the cryptocurrency as a payment, have announced the merger of their platforms.
According to the May 20 announcement, Travala.com and TravelByBit will unite to become a platform that allows users to book more than two million hotels and 600 airlines.
Binance supported initiative
Both companies are supported by the leading Binance cryptocurrency exchange program. Stock Manager Changpeng Zhao praised the companies and believed they could provide the most advanced travel reservation service for the encryption environment.
Travala.com currently supports paper payments and over 25 common cryptocurrencies, including Bitcoins (BTC), Ether (ETH), Litecoin (LTC), Binance Coin (BNB), and Binance Dollar (BUSD), providing the best price guarantee.
In addition, the platform also has its own AVA code, which allows users to access rewards and discounts, which will soon also be available on TravelByBit. The representative of Travala explained:
“Like the original cryptocurrency on the Travala.com platform, AVA can now be used to pay, get loyalty rewards, and get exclusive discounts and rewards as part of our intellectual program. […] Every time a reservation is made on Travala.com, the traveler gets 2% of the total cost of booking back to AVA. ”
High hopes for adoption
“The combined platform expects more than $ 10 million in revenue over the next twelve months, based on the current growth in travel reservations before the introduction of COVID-19 travel restrictions,” a company spokesman told Cointelegraph.
Companies claim that a unified platform would be better than traditional alternatives, as it would offer symbolic rewards and multiple payment options. In addition, the platform focuses on a poorly served position of blockchain and cryptocurrency enthusiasts.
As reported by Cointelegraph in November 2019, Travala.com has partnered with Booking.com to allow users to book accommodations on the travel giant's website. Reports released in January showed that the platform had grown 33% after the partnership.