3. Oktober 2023

Swipe and Visa Add AVA, a Crypto Platform Token for Travel Booking

At a time of unprecedented upheaval in the global tourism industry, the travel booking platform based on blockchain technology, Travala and Swipe, aims to increase the capacity of use of crypto currencies.

Announced on July 24, Travala’s native token, AVA, will now be added to the Swipe wallet service and Visa card platform – reportedly allowing its use at 60 million merchants.

AVA will also be supported by Samsung Pay, Google Pay, and Apple Pay through Swipe’s integration with these services. In addition, the AVA token will be available to all 500,000 users of Swipe’s digital wallet.

Binance CEO shows use of Binance card for the first time

The news comes shortly after Swipe’s acquisition of the important cryptoexchange Binance company and the issuance by the trading platform of a crypto debit card powered by Swipe, the Binance Card. Travala.com, on the other hand, migrated to Binance Chain in the fall of last year.

A network of partnerships that will take crypts to multiple platforms
In addition to the integration of AVA into the Swipe platform, Swipe’s native SXP token will be incorporated into Travala.com as a preferred payment option for reservations at more than 2 million hotels in 230 countries.

These include the lodging options listed on Expedia, Booking.com, and Priceline, all of which have previously partnered with Swipe for crypto-friendly travel booking services.

Visa’s head of crypto currency says CBDCs are the biggest trend in payments

Travala customers will be able to pay with their AVA token and an extensive list of the main cryptoactives such as Bitcoin (BTC), Ether (ETH), Dash (DASH), Bitcoin Cash (BCH), Litecoin (LTC), EOS, Stellar (XLM), Cardano (ADA), Binance Chain (BNB), Monero (XMR), Tron (TRX), XRP and Dai (DAI).

Speaking to Cointelegraph, Travala CEO Juan Otero said the two-way integration of Travala and Swipe’s native tokens would be „massive for adoption.

When using Swipe’s Visa debit card, crypto-currencies such as AVA are instantly converted into fiat currency, making them usable anywhere that accepts Visa or mobile payment services.

New strategies for the „new normal

As previously reported, Travala has just announced that its monthly revenue increased by 205% in May this year compared to April, a sign of a possible recovery after the large decline in stocks in the context of the VOC-19 pandemic.

Visa approves new EU and UK DeFi enabled crypto-card
In May, the company merged with TravelByBit, which provides flight booking services for more than 600 airlines. By offering tokenized rewards and multiple payment options with crypto-currency, both companies hope to show more flexibility than traditional alternatives during the global recession.