Travala.com’s native cryptocurrency AVA will power the merged platform with the added utility of flight bookings
May 20, 2020 – Travala.com, the leading blockchain-based accommodation booking platform announced today its strategic merger with the leading cryptocurrency-friendly flight booking portal TravelbyBit, backed by Binance, the global blockchain company behind the world’s largest cryptocurrency exchange by trading volume and users.
As the first step of the merger, the companies will cross-market one another’s travel offerings, while at a later date, a full integration between the two companies will create one of the largest online travel agencies in the world with over 2 million hotels and 600 airlines around the globe. Travala.com’s native cryptocurrency AVA will power the merged platform with the added utility of flight bookings.
Juan Otero, Travala.com CEO, said “We couldn’t be more excited to join forces with TravelbyBit, which is backed by Binance and have constantly been achieving and pushing crypto adoption by providing blockchain-based online travel booking services. We share similar values with Binance and TravelbyBit and are fully aligned on our vision for the future of cryptocurrency adoption.”
Changpeng Zhao (CZ), Binance CEO, said “Travala.com and TravelbyBit have proven their ability to build world-class travel booking platforms that the crypto community love. We are looking forward to supporting them in their journey and bringing more widespread crypto utility through travel.”
Travala.com offers a multi-currency payment platform, supporting payments in fiat and over 29 popular cryptocurrencies including Bitcoin, Ethereum, Litecoin, BNB and BUSD. In addition to the unmatched prices on its ‘Best Price Guarantee’ feature, Travala.com’s Smart Members also benefit from additional discounts, bonuses and loyalty rewards in AVA, its native cryptocurrency.
Australia-based TravelbyBit was launched in 2017 as a way for travelers to use their cryptocurrency when booking flights. Since securing its investment from Binance back in 2018, TravelbyBit has grown from a small start-up to one of the leading cryptocurrency-friendly flight booking services built for the new economy and blockchain generation.
Caleb Yeoh, TravelbyBit CEO, said “On behalf of everyone at TravelbyBit we are really excited to work with the team at Travala.com to advance the usage of blockchain and cryptocurrency within the travel space. The combined teams will make this goal more likely.”
Since being founded in 2017, Travala.com has established itself as one of the leaders in driving mainstream usage of cryptocurrencies for worldwide travel. After migrating to Binance Chain in 2019, Travala.com has continued striving to bring more transparent pricing, innovation and enhanced security to the travel industry while aiming to align online travel bookings with the universal ethos of decentralised technology.
Founded in 2017, Travala.com is the leading cryptocurrency-friendly hotel and accommodation booking service with 2,000,000+ properties in 230 countries. We are a champion of cryptocurrency adoption, accepting over 28 leading cryptocurrencies in addition to traditional payment methods. The Travala.com value proposition is bolstered by AVA. As the native cryptocurrency of the platform, AVA can be used for payments, receiving loyalty rewards, discounts and bonuses, among several other use cases. For more information, visit: www.travala.com
TravelbyBit.com is an all-in-one cryptocurrency travel solution. The online platform, founded in 2017, seamlessly connects cryptocurrency holders to a network of over 1 million flights and hotels worldwide. In a unique addition for cryptocurrency adoption, TravelbyBit.com enables travellers to receive rewards in bitcoin on every booking, on top of points earned from traditional airline mileage programs. For more information, visit: www.travelbybit.com
Binance is the global blockchain company behind the world’s largest digital asset exchange by trading volume and users, serving a greater mission to accelerate cryptocurrency adoption with 25+ products, projects and initiatives including Binance Exchange (Binance.com): Binance Futures, Spot & Margin trading, Binance Lending and Binance Staking. For more information, visit: www.binance.com