The popular flight booking site TravelByBit and hotel booking site Travala.com announced yesterday that they will be merging their respective platforms. Both services enable users to book travel service and pay using cryptocurrencies including Bitcoin.
After the merger is complete, visitors will be able to book flights on 600 different airlines and access 2 million hotel rooms. Binance, one of the world’s best-known crypto exchanges, is backing the merger.
Changpeng Zhao, Binance’s CEO, recently spoke highly of the move, noting that the combined offerings will be an asset to the cryptocurrency community.
Travala previously partnered with Booking.com, enabling its customers to book accommodations that are available through the latter’s website. This partnership helped fuel 33% growth after just a couple months.
At the moment Travala.com accepts payment in traditional fiat currencies, as well as 25 of the most popular cryptos. These include Bitcoin (BTC), Binance Coin (BNB), Binance Dollar (BUSD), Ether (ETH), and Litecoin (LTC). The site also offers a best price guarantee.
Travala.com also gives users access to perks like discounts and bonuses through a proprietary AVA token, which will be available to TravelByBit users soon.
Travala noted, “As the native cryptocurrency of the Travala.com platform, AVA can now be used for payments, receiving loyalty rewards and accessing exclusive discounts and bonuses as part of our Smart Program. Every time a booking is completed on Travala.com, the traveler gets 2% of the total booking price back in AVA.”
Both firms issued a joint statement stating, “The merged platform is forecasting next 12-month revenue levels in excess of US $10 million based on the existing growth traction in travel bookings prior to COVID-19 pandemic travel restrictions being put in place.”
The collaboration is touted to be superior to other travel offerings thanks to additional payment options and tokenized rewards.