Travala.com’s proprietary token (AVA) joined the listing of crypto belongings accepted by cryptocurrency fee processor, CoinGate.
In line with an unique announcement despatched to Cointelegraph on Could 21, CoinGate has built-in Travala.com’s native AVA token into its fee system — reportedly utilized by over 5,000 retailers. CoinGate customers will now additionally be capable of purchase AVA by financial institution switch, telephone credit score, and shortly with debit playing cards.
Enhancing the token’s usefulness
The addition of the AVA token to CoinGate’s service provides fee performance to the asset that to date could possibly be earned from referrals, loyalty rewards, and used to entry journey reductions and month-to-month bonuses. CoinGate retailers who settle for AVA funds can select to settle in fiat currencies just like the Euro or different cryptocurrencies like Bitcoin (BTC) or Ethereum (ETH).
Travala.com CEO Juan Otero commented:
“It’s nice to see that AVA holders can now use the digital token to purchase quite a lot of items and companies on-line, in addition to for on-line journey bookings.”
A Travala.com spokesperson informed Cointelegraph that the addition of the token to CoinGate’s system is necessary as a result of it expands AVA’s utility outdoors of the agency’s platform and makes it extra helpful. He additionally defined that he believes the token is a somewhat good match for funds:
“AVA’s is a Binance Chain token with 1 second block instances making it a fantastic possibility for very quick transactions and funds.”
Making cryptocurrency spendable
Travala.com was a cryptocurrency-enabled keep reserving service for vacationers. Since yesterday, the platform merged with crypto flight-booking platform, TravelByBit, to supply a fuller service to customers who wish to spend cryptocurrency on touring.
In November 2019, Travala.com additionally partnered with Booking.com to permit its customers to ebook any keep on the mainstream reserving service. January reviews revealed that the platform has seen a 33% boost in utilization after the partnership.