Expedia accepts crypto thanks to a partnership with Travala
Expedia accepts crypto thanks to a partnership with Travala
Crypto

Expedia accepts crypto thanks to a partnership with Travala

By Amelia Tomasicchio - 6 Jul 2020

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During the night Travala announced that they have partnered with Expedia, allowing them to directly accept crypto payments for flight and hotel reservations.

While previously Expedia had been integrated into TravelbyBit in order to allow it to offer a wider catalogue of destinations, the partnership is now growing and from now on the platform will be able to accept crypto payments thanks to Travala.

In February, in fact, 600,000 Expedia hotels had been added to TravelbyBit, among the booking possibilities; then in May TravelbyBit was merged with Travala to become a single platform and so the partnership with Expedia now moves on to Travala.

Travala, in fact, is owned by Binance, which had invested in TravelbyBit in 2014.

Crypto payments for travel

In November 2019, Travala had entered into a similar partnership with Booking and, according to some data, bookings had increased by 33%, as 90 thousand new hotels had been added.

Travala in this way becomes the largest and most important platform for booking flights and hotels around the world to also accept crypto payments. Travala also accepts fiat currency and has its own token, AVA, which allows holders to get discounts and other benefits.

Travala’s recovery after the lockdown

During the period of the Coronavirus and Phase 1 of the lockdown, the website encountered many problems, as travel had stopped, but now, according to the June report, bookings have resumed, with an increase of 170% for a value of $180,000.

As a result, the numbers are expected to increase during the summer, given the ever-lower restrictions and the increase in hotel and destination offers that has taken place thanks to the partnership with Expedia.

 

Amelia Tomasicchio
Amelia Tomasicchio

As expert in digital marketing, Amelia began working in the fintech sector in 2014 after writing her thesis on Bitcoin technology. Previously author for Cointelegraph and CMO at Eido. She is now the co-founder and editor-in-chief of The Cryptonomist.

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