Announced on July 24. Travala’s AVA token will now be spendable at 60 million merchants.
#Travala Partners with @SwipeWallet to Enable $AVA Payments at 60 Million Merchants with Visa Card and will add $SXPhttps://t.co/jHRGvN9fZy — Travala.com 🏨 ✈️ 🏡 (@travalacom) July 24, 2020
Swipe’s integration with major players will make AVA supported by:
The AVA token will be now available to the 500,000 users of Swipe’s multi-asset digital wallet.
The news is followed by Swipe’s acquisition by Binance crypto exchange and the trading platform’s issuance of a Swipe-powered crypto debit card, Binance Card.
Swipe’s native token SXP will also be added to Travala.com as a preferred payment option for bookings at over 2 million hotels across 230 countries.
Travala’s customers can pay with its native AVA token and other crypto assets including
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).
Travala CEO Juan Otero claimed the two-way integration of Travala and Swipe’s native tokens would be “massive for adoption.”
When spent through Swipe’s Visa debit cards, cryptocurrencies like AVA are instantly converted into fiat currency.
Travala recently announced that its monthly revenue saw a 205% increase this May as compared to April, a sign of recovery followed by major dent to bookings amid the COVID-19 pandemic.
In May, Travala merged with TravelByBit, which provides services for flight bookings of over 600 airlines.