Travala.com’s proprietary token (AVA) joined the record of crypto property accepted by cryptocurrency cost processor, CoinGate.
According to an unique announcement despatched to Cointelegraph on May 21, CoinGate has built-in Travala.com’s native AVA token into its cost system — reportedly utilized by over 5,000 retailers. CoinGate customers will now additionally be capable of purchase AVA by financial institution switch, cellphone credit score, and shortly with debit playing cards.
Improving the token’s usefulness
The addition of the AVA token to CoinGate’s service provides cost 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 great to see that AVA holders can now use the digital token to buy a variety of goods and services online, as well as for online travel bookings.”
A Travala.com spokesperson advised Cointelegraph that the addition of the token to CoinGate’s system is vital 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 times making it a great option for very fast transactions and payments.”
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 offer 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 guide any keep on the mainstream reserving service. January studies revealed that the platform has seen a 33% enhance in utilization after the partnership.