The firm plans to become a fully decentralized online travel agency. Cryptocurrency travel agency Travala.com announced that it started a collaboration with Binance Chain aiming to decentralize its services. Travala.com intends to roll out decentralized reviews, decentralized accommodation bookings, a decentralized referral system and a decentralized salesforce. The firm’s CEO Juan Otero explained that —…
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Crypto adoption appears to be unstoppable in the tourism sector. Travala.com has announced that they will incorporate VeChain’s VET token as a payment option for travelers on their crypto-friendly booking platform. Users can now use the token to book homes and hotels around the world. Juan Otero, CEO of Travala.com, believes that through the partnership,…
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Travala is expanding its crypto-powered offerings thanks to a new partnership. Travala.com has recently added an additional 600,000 hotels to its crypto-powered online travel platform thanks to a recent partnership with booking giant, Agoda. Travala’s CEO, Juan Otero, told Cointelegraph that the number of properties on the platform has now reached over 2.2 million in…
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Booking volumes on the Binance-backed travel booking platform dropped by 90% during the coronavirus pandemic. The global travel industry ground to a standstill after governments worldwide announced strict lockdowns to prevent the spread of COVID-19. At the Unitize virtual blockchain conference on July 6, Juan Otero, the co-founder and CEO of the Binance-backed online crypto…
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Expedia now allows its over 700,000 accommodations to be booked with cryptocurrency through crypto travel platform Travala.com. Expedia now allows its over 700,000 accommodations to be booked with cryptocurrency through crypto travel platform Travala.com. According to an announcement shared with Cointelegraph by Travala.com on July 6, the firm added over 700,000 accommodations to its crypto-powered…
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The CEO of FinTech company CoolBitX says only 10% of countries in the FATF are prepared for the June 24 meeting to discuss the travel rule. The Financial Action Task Force (FATF) has a plenary meeting scheduled on June 24 to assess the progress of Virtual Asset Service Providers (VASPs) worldwide in enforcing the organization’s…
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Cryptocurrency travel website Travala.com saw a 45.8% increase in the total number of room nights booked in May compared to April. According to a June 1 announcement, Travala.com also saw its monthly revenue increase by 205% in May compared to April. Still, while the platform is seeing more traction compared to April, May also saw…
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Travala.com’s proprietary token joins the list of crypto assets accepted by cryptocurrency payment processor, CoinGate. Travala.com’s proprietary token (AVA) joined the list of crypto assets accepted by cryptocurrency payment processor, CoinGate. According to an exclusive announcement sent to Cointelegraph on May 21, CoinGate has integrated Travala.com’s native AVA token into its payment system — reportedly…
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Vietnamese online ticketing agency Future.Travel now accepts Bitcoin payments via the Lightning Network, with funds being converted into local currency at the time of sale. Vietnamese online ticketing agency Future.Travel now accepts Bitcoin (BTC) payments via the Lightning Network (LN), with funds being converted into local currency at the time of sale. To enable LN-based…
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The integration of cryptocurrencies into the travel industry will change it dramatically, and it will also be a huge step toward mass crypto adoption all over the world. If government corruption affects the stability of the national currency, it’s only natural that citizens will turn to gold or other assets like Bitcoin (BTC) to invest…
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