It has been reported that users can now use the token to book homes and hotels around the world.
Juan Otero, the CEO of Travala, believes that through the partnership, the company will continue to increase cryptocurrency adoption across the sector.
The VeChain Foundation echoed these sentiments, and likewise noted an increasing surge in “consumer appetite for modern payment alternatives and scalable blockchain solutions.”
Crypto Travel Company #Travala Adds VeChain Token as a Payment Method Crypto adoption appears to be unstoppable in the tourism sector.https://t.co/olDz0OEVlb — Travala.com 🏨 ✈️ 🏡 (@travalacom) August 19, 2020
According to the report, the VeChain Foundation has partnered with a number of companies in recent weeks, including the accounting and consulting firm, Grant Thornton Cyprus. Their stated goal is to extend blockchain solutions to a variety of industries within the Cypriot company’s network.
Thus, VeChain also announced an alliance with China’s Shenzhen Yuhongtai Foods Company, in June, which will allow them to track pork products distributed by the retailer’s subsidiary, Meijiada Fresh Foods.