With the rise of cryptocurrencies, there are always new industries that can benefit from the popularity of the new technology. Travala was founded in 2017 and quickly established itself as the leading blockchain-based travel booking platform. In a press release On July 6, 2020, the company announced that it had entered into a strategic partnership with none other than Expedia.
Travala.com: Integration of the Expedia API Rapid
To advance Travala's business and enable even more people to travel that can be paid for with cryptocurrencies like Bitcoin, the company today announced a new collaboration. Expedia Partner Solutions (EPS) is a brand of the Expedia Group, with which Travala will from now on extend the payment with cryptocurrencies to many other travel destinations.
According to the press release, this is made possible by the integration of the Expedia API, called Rapid. This means that Expedia's more than 700,000 hotels and accommodations are also available on Travala.com, which can be paid with more than 30 cryptocurrencies.
The falling confidence in the prevailing financial system is causing more and more people to use cryptocurrencies as a payment option. Alfonso Parades, Senior Vice President of the Expedia Group, is also currently seeing developments in a change in preferred payment options, as he announced in the press release:
At EPS, we are passionate about innovation and are aware that booking and payment options are constantly evolving in a rapidly changing world.
Travala.com has not only set itself the goal of providing as many payment options as possible, but especially a large selection of bookable accommodations. With the integration of the Expedia API, this should be possible:
EPS Rapid is the best API product in the travel industry and this partnership enables our customers to have more choice and availability of accommodation, including 4 and 5 star hotels in top destinations.
Travala already presented one in August 2019 Partnership with Booking.com, also a world-famous travel booking platform.
Travala (AVA) course rises more than 20%
The rate of the in-house cryptocurrency AVA rose significantly as a result of the news about the integration of the APIs. Last Sunday's AVA rate was trading at $ 0,30 USD, briefly rising above $ 0,38 USD and then stabilizing at $ 0,36 USD. AVA is the 233rd largest cryptocurrency in the world with a market cap of $ 14 million USD.
As we reported a few days ago, the crypto travel booking platform Travala has more and more bookings. In the latest June report, the company announced that it had generated 170% more booking revenue. A total of 981 overnight stays were booked, an increase of 81% compared to May. The average nightly rate was $ 166 USD.
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