FTM Token Holders will soon be able to book over 3,000,000 travel products worldwide, including hotels, homes, flights, tours, and activities Boosting Fantom’s Adoption
Singapore, Tuesday, 20 October 2020 –– Today Travala.com, the world’s leading crypto-friendly hotel booking platform and Fantom, a layer-1 blockchain platform, announced a strategic partnership including the integration of Fantom on the travel website’s platform.
Travala.com will accept the Fantom token (FTM), among with other leading crypto assets such as Bitcoin (BTC), Ethereum (ETH), and AVA, Travala.com’s native cryptocurrency, to book over 3,000,000 travel products worldwide, including hotels, homes, flights, tours, and activities. This utility pushes forward Fantom’s mission to give power to individuals and capture value through new applications of technology.
The partnership will empower FTM holders to participate in a cheaper, fairer, and more inclusive travel economy while also enhancing the utility of the Fantom token, being used for travel bookings via Travala.com. Fantom will be using Travala.com’s business account services for internal company travel requirements.
FTM token holders will be able to save up to 40% in some cases compared with other online travel agencies on over 2.2 million hotels globally, as well as flight booking across more than 600 airlines globally and different travel verticals such as Activities. Plus Car Rentals are coming soon.
“We’re incredibly excited to team up with the Travala team to increase the real-world utility of FTM, and to help reduce the reliance on traditional payment rails for blockchain industry supporters.,” said Michael Kong, Fantom Founder.
Commenting on the partnership, Juan Otero, Travala.com CEO, said “As we continue in our commitment towards mass cryptocurrency adoption, we’re very excited to partner with data exchange platform Fantom to champion the growth of the crypto community and to bring a great new use case to Fantom.”
In the coming weeks, an incentive will be offered to Fantom holders to book on Travala.com with Fantom and win significant prizes.
Founded in 2017, Travala.com is the leading cryptocurrency-friendly travel booking service with 3,000,000 travel products worldwide, including hotels, homes, flights, tours, and activities. Backed by industry-giant Binance, Travala.com is a champion of cryptocurrency adoption, accepting over 30 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. In addition to unbeatable prices via its Best Price Guarantee, Smart users on Travala.com can also enjoy additional discounts and loyalty rewards for eligible bookings made on the platform.
For more information about Travala.com, visit: www.travala.com.
For more information about AVA, visit: www.travala.com/ava
Fantom is a fast, scalable, and secure layer-1 platform built on an aBFT consensus protocol.
The speed and low transaction costs make Fantom ideal for real-world uses, such as payments, supply chain, and DeFi applications among the others.
The technology is used in a pilot program in Afghanistan to help solve the counterfeit drug issue in the region. The program is the first of many government initiatives that the Fantom Foundation is pursuing.
Fantom also recently released Fantom Finance, an all-in-one DeFi suite that will feature trading, lending, and borrowing directly from the Fantom Wallet. Users can supply the native cryptocurrency to mint fUSD, a US dollar-pegged stable coin.
For more information about Fantom, visit: https://fantom.foundation/