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- Travala.com seems to have merged and collaborated with Binance backed crypto-friendly travel booking portal TravelbyBit.
- With the initial step of the agreement, the two companies will follow cross-market offerings at a later date.
- This will be one of the largest online Blockchain-based travel agencies globally.
The popular crypto giant Binance is setting its eyes on creating the world’s largest Blockchain-based travel agencies. To put the next move forward, the exchange has already acquired the booking platform known as travelbybit and now merger with travala.
The Merger
If we go by the recently surfed reports, Travala seems to have merged and collaborated with Binance backed crypto-friendly travel booking portal TravelbyBit.
With the initial step of the agreement, the two companies will follow cross-market offerings at a later date. They have the vision of building Blockchain-based travel agencies. Where the users can book over 2 million hotels along with 600 airlines.
On October 2018, Binance invested close to $ 2.5 million in an Australia based TravelbyBit. In the words of Binance CEO Changpeng “CZ ZHAO, There seems no better way than to be able to use virtual currencies while traveling, minutes after you landed in a foreign country.
The platform Travala.com has a strong connection with Binance. When it migrated to the Binance Chain back in 2019 and has its token called AVA. Thus, considerably, AVA jumped 400% in about 10 days shifting towards the merger news.
Creation of the Leading Blockchain-Based Online Travel Platform
The merger between Blockchain-based travel agencies. Travala.com and TravelbyBit backed by Binance will see the creation of a leading blockchain-based online travel platform. Further, this will be one of the largest online Blockchain-based travel agencies globally.
Moreover, since the inception of Travela.com in 2017, it has established itself as one of the reputed leaders of driving mainstream usage of virtual currencies worldwide. Further, this merger seems to work as a strategic move between travel agencies, TravelbyBit and Travala.com. They have already been in the industry of blockchain-based travel booking platforms.
Juan Otero, the CEO of TravelbyBit has expressed his joy of pushing the usage of Bitcoins by providing online travel booking services internationally.
