- Travala has recently announced their collaboration with the blockchain platform, VeChain.
- With a compound annual growth rate of 3.4%, it has been anticipated that Travala’s market capital will surge to USD $114 billion in 7 years.
- The co-founder and CEO at VeChain, Sunny Lu said that VeChain has been positioned as the ecosystem enabler.
Travala has recently announced their collaboration with the blockchain platform, VeChain. This means that users can now book rooms and services in about 2.2 million hotels and homes in 230 countries by using VeChain native token, VET.
More Payment Options Means Growing User Base
With a compound annual growth rate of 3.4%, it has been anticipated that Travala’s market capital will surge to USD $114 billion in 7 years. The recent addition of VeChain to its platform is supposed to attract more customers. This will also drive crypto holders to spend their crypto rightfully in the travel and holiday rental industry. Travala has perfectly leveraged the fact that customers nowadays look on to modern payment solutions rather than the old traditional payment system.
VeChain Added to Travala’s 30+ List of Cryptocurrency Payments
Travala is a travel booking service that accepts payment both in traditional format as well as in cryptocurrencies. Backed by one of the largest crypto exchanges, Binance this company accepts around 30 cryptocurrencies as payments with a new addition of VET token. Furthermore, Travala has its own cryptocurrency which is known as AVA. The native token can be used for payments, receiving loyalty rewards, bonuses, rebates and much more.
On the hand, VeChain is a blockchain platform which facilitates enterprise adoption with its strong economic model and IoT tools. With its venture in China, Southeast Asia, Europe, North America, VeChain is the leading enterprise-friendly blockchain platform. With its most recent venture at Travala, the blockchain company aims to expand its utilities as smart money.
What This Partnership Means for Both the Companies?
The co-founder and CEO at VeChain, Sunny Lu said that VeChain has been positioned as the ecosystem enabler. With a huge collection of real-world applications and client base, VeChain perfectly fits into Travala’s diverse list of industries that focuses on widening blockchain adoption. Hence, the company is pleased at this collaboration with Travala which will cater different facilities to its users using top notch blockchain facilities.
The CEO at Travala.com, Juan Otero expressed similar gratitude towards this new partnership. He said that Travala is dedicated towards creating new options for its users. Through this new collaboration, Travala aims to push the growth of cryptocurrency adoption with help of VeChain’s reputable and efficient blockchain ecosystem.