Travala cryptocurrency rises 30% after news of its partnership with the e-travel giant
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Answer Travala cryptocurrency rises 30% after news of its partnership with the e-travel giant
announced Travala.com, a hotel reservation platform powered by Binance that allows its customers to book hotels in exchange for cryptocurrency, has partnered with the second largest online travel agency Expedia, adding more than 700,000 new hotels to the crypto-friendly Travala platform.
The deal will enable Travala.com users to book hotels and accommodations powered by Expedia Group using 30 cryptocurrencies, including Bitcoin, Ethereum, BNB and Travala.com’s AVA, and will benefit from the Expedia Partner Solutions API. .
Expedia first started accepting bitcoin in 2014 but removed it as a payment option in June 2018.
Travala.com CEO Juan Otero reported:
Their reservation is not designed for cryptocurrency like ours.
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It has been a nightmare for them to accept bitcoin payments… Working with Expedia means we can boost traveler loyalty throughout the coronavirus recovery.
Travala Crypto Up 30%:
Following today’s announcement, the price of the cryptocurrency AVA saw a 30% rise, AVA is currently trading at around $0.39 according to CoinMarketCap.
Alfonso Paredes, Senior Vice President, Expedia Group, said:
We are passionate about innovation and acknowledge that the option to book and pay continues to evolve in a rapidly changing world.
Our goal is to support Travala.com to expand their business faster than ever before.
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Last November, Travala.com announced a strategic partnership with major online travel agency Booking.com.
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