Hotel Booking Platform Travala.com Merges With Flight Booking Portal TravelbyBitMay 27, 2020
Hotel booking platform Travala.com has merged with the Binance-backed flight booking portal TravelbyBit to create one of the largest blockchain-based online travel agencies in the world. The merger will enable combined users of both platforms to book from more than 2 million hotels at 90,000 destinations in 230 countries and 600 airlines.
The two crypto-friendly travel platforms will initially cross-market one another’s travel offerings while going for full integration between the two companies at a later date.
Travala.com’s native cryptocurrency AVA will power the merged platform with the added utility of flight bookings. Apart from AVA, the platform offers a multi-currency payment platform, supporting payments in fiat and over 25 popular cryptocurrencies including Bitcoin, Ethereum, Litecoin, BNB, and BUSD.
As the native cryptocurrency of the platform, AVA can also be used by Travala.com ‘Smart Members’ for additional discounts, receiving loyalty rewards, and bonuses, among several other use cases.
Australia-based TravelbyBit was launched in 2017 as a way for travelers to use their cryptocurrency when booking flights. It had secured a $2.5 million investment from Binance in October 2018. It seamlessly connects cryptocurrency holders to a network of over one million flights and hotels worldwide.
Since being founded in 2017, Travala.com drove mainstream usage of cryptocurrencies. It migrated to Binance Chain in 2019 from the NEO Blockchain utilized earlier. Binance Chain is the new blockchain from cryptocurrency exchange Binance.
Both the companies are actually backed by Binance, the world’s largest cryptocurrency exchange by trading volume and users.
In late November last year, online travel agency Booking.com also partnered Travala.com to enable payments in cryptocurrencies such as Bitcoin for its customers in addition to traditional payment methods.
Travala.com offers users a consumer-based application using blockchain technology to provide a better-optimized booking platform and an equitable pricing model for consumers and hotel partners alike.
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