Travala.com, a popular travel and hotel booking platform with access to 230 countries, has partnered with Binance to integrate its local blockchain called Binance Chain. The integration aims to bring in more decentralized solutions and expand the use case of blockchain and cryptocurrency on its platform.
Travala.com has been known to offer a crypto payment option for its users to book their favorite hotel at their choice of holiday destination. The platform has an extended portfolio of crypto payment options, which include top cryptocurrencies like Bitcoin, Ethereum, Litecoin, Bitcoin Cash, and many more. The platform also added VeChain token just last week.
The booking platform is looking to introduce smart contracts and many other decentralized applications to its platform in association with Binance.
Juan Otero, CEO of Travala, made the following statement:
“The advantages of Binance Chain and particularly Binance Smart Chain systems with the newly added smart contracts functionality is the perfect tech solution for Travala.com to build the next major evolution of blockchain-based travel solutions.”
He added further:
“The basic advantages of blockchain technology are decentralization, immutability, security, and transparency. So everything from the booking process to payments and loyalty and rewards will boost a level of security significantly higher than existing mainstream OTAs.”
Travala currently uses decentralized tech to connect its users to over 2 million rental property across 230 countries. The platform also has a native token called AVA, which can be used as a form of payment, rewards, refunds, and as a store of value.
Changpeng Zhao, CEO of Binance, also commented on their new association and integration of its native blockchain with Travala.com. He said:
“Binance is committed to supporting partners in building innovative decentralized applications that will help grow the industry.”