Travala.com is an online travel bookings platform that is powered by the blockchain. On August 18, 2020, the platform announced that it had added support for the STP Network. With the new development, the platform will now support payments made in the STPT token.
Travala.com recently revealed that it was working with Expedia, a leader in the hotel booking industry. With the partnership, the platform has been able to expand its hotel and accommodation options to over 2 million in 230 nations.
Enhanced Utility for STPT Tokens
The partnership between the STP Network and Travala will boost the utility of the STPT tokens. Users of the tokens can now use them to buy travel services on Travala.com. According to Minhui Chen, the CEO of the STP Network, the integration was exciting, as it would expand the utility for the STPT tokens. The CEO noted that the Travala platform had solidified its position as a leader in the online accommodation-booking sector that offers users convenient payment alternatives. He said that Travala was able to achieve this by collaborating with major players in the sector such as Booking.com and Expedia.
Travala.com’s Unique Integration of Crypto Payments
Travala.com is backed by Binance, one of the leading exchanges in the crypto world. The platform is creating one of the largest online travel agencies. It stands out from the competition by accepting crypto payments for services offered. It also offers a great loyalty program and accepts debit and credit card payments. In general, Travala offers all the advantages inherent to the blockchain.
Increased Demand for the Services on Travala.com
The decision to integrate the blockchain and crypto payments has paid off in a big way. Travala has recently seen a surge in demand for its services. It shows that there is a growing demand for innovative solutions and payment methods. The addition of STP to the platform will help to expose the STP ecosystem to a growing user base.
When discussing the integration, Travala noted that the cost of integrating blockchain networks onto the platform was usually high. As a result, they were usually very selective about how they expanded their offerings pertaining to blockchain and cryptocurrencies. He said that they settled on the STP Network since its community and ecosystem would help to strengthen their presence globally. Besides that, the STP Network would be an important partner for their Asian expansion.
A Short History of Travala.com
Travala.com was created in 2017. Since its creation, it has operated as a crypto-friendly booking platform. It currently offers bookings at over 2.2 million hotels in 230 nations and it supports booking at 600 airlines around the world.
The platform is backed by Binance, a leader in the crypto sector. There are over 30 major cryptocurrencies accepted on Travala as a form of payment. Besides that, the platform accepts traditional payment options. Travala also has a native token called AVA. The AVA tokens can be used to receive royalty rewards, make payments, get bonuses, earn discounts, and much more.
What is the STP Network?
The STP Network is a blockchain-powered network that supports the tokenization of any asset. All tokenized assets comply with global jurisdictions. To ensure compliance with jurisdictional and specific user requirements, there is an on-chain validator built into the protocol.