Travala.com, a Binance-backed booking platform that allows its customers to pay for hotels with cryptocurrencies, has announced a partnership with the world’s second-largest online travel agency Expedia—adding over 700,000 new hotels to its crypto-friendly portfolio.
#Travala Partners with #Expedia to offer frictionless crypto travel
The deal will enable Travala.com customers to book Expedia Group hotels and accommodations using 30 forms of cryptocurrency, including Bitcoin, Ethereum, Binance Coin and Travala.com’s native crypto, AVA. It leverages Expedia Partner Solutions’ API, Rapid.
“Their booking flow isn’t built for [crypto] like ours. It was a bit of a nightmare for them to accept Bitcoin payments… Working with Expedia means we can drive traveler loyalty throughout the [coronavirus] recovery period,” Juan Otero, the CEO of Travala.com, reportedly told CoinDesk.
Travala’s AVA token surges 30%
On the heels of today’s announcement, the price of Travala.com’s own token, AVA, saw a sharp increase of around 30%. AVA is currently trading at roughly $0.39 per token, according to CoinMarketCap.
Travala.com's AVA token gained 30% after the announcement (Image: CoinMarketCap)
“At EPS we are passionate about innovation and recognize that booking and payment choice continues to evolve in a fast-changing world,” added Alfonso Paredes, the senior vice president at Expedia Group. “Our aim is to support Travala.com to scale their business faster than ever before.”
As Decrypt reported previously, Travala.com announced a strategic partnership with major online travel agency Booking.com last November.
Daily Debrief Newsletter
Start every day with the top news stories right now, plus original features, a podcast, videos and more.
Strive Asset Management is still pushing GameStop to buy as much Bitcoin as it can, and as quickly as possible. But there is ongoing debate within the company about how much Bitcoin GameStop is willing to buy, Strive CEO Matt Cole told Decrypt on Thursday.
“You should expect that they're going to buy some Bitcoin,” Cole said. “But I don’t think it’s decided how much they will go in that direction.”
The video game retailer announced a month ago that it could start purchasing Bitcoin as a treasury...
Multiple victims have been attacked by what appears to be a North Korean campaign that targets cryptocurrency developers using fake U.S. companies.
According to a Reuters report, two fake companies, Blocknovas LLC and Softglide LLC, were created by North Korean cyber spies to infect developers in the crypto industry with malicious software.
🚨 NEW THREAT REPORT: Contagious Interview (DPRK) Launches a New Campaign Creating Three Front Companies to Deliver a Trio of Malware: BeaverTail, Invisible...
Investment firm RockawayX has successfully secured $125 million for a new early-stage venture capital fund, intended to support crypto-focused communities, particularly those centered around Solana.
The investment firm plans to direct its newly raised funds toward discovering and financing projects that enhance the growth of the Solana ecosystem, recognized as the second-largest Layer 1 by total value locked, according to a statement by RockawayX.
“Rather than investing in more L1s, we focused...
