Crypto Visa Debit Card Issuer Swipe and Crypto Travel Agent Travala Announce Two-Way Integration of their Native Tokens
- Swipe has added the support for Travala’s native AVA token, which can now be spent at another 60 million merchants that accept Visa
- As part of the two-way integration, Travala added Swipe’s native SXP as one of the preferred payment options on its platform
- Both Swipe and Travala are closely related to the cryptocurrency industry giant Binance
In a recent announcement, crypto travel booking site Travala revealed that its native token got added to the list of supported digital assets on Swipe’s Visa Card platform and Swipe’s multi-asset crypto wallet. Travala, on the other hand, added Swipe as a preferred payment option.
AVA token now spendable at over 60 million merchants
Swipe, a company that provides a multi-asset cryptocurrency wallet service as well as issues crypto-powered Visa Debit Cards has recently introduced the support for Travala’s AVA token.
Consequently, the crypto booking website’s native AVA token now has over 60 million new points of acceptance all around the world. Using the integration with Swipe’s debit card, AVA will also be spendable through Apple Pay, Google Pay, and Samsung Pay. In addition, more than 500,000 users of Swipe’s multi-asset wallet will now be able to transact and hold AVA. By introducing AVA support, Travala and Swipe aim to boost crypto usability and adoption as well as provide AVA token holders more options on how to spend them.
The integration goes both ways
Not only was the support for the AVA token added to the Swipe’s services, but Travala.com also introduced the support for Swipe’s native token SXP. SXP will now be one of the payment options on Travala for bookings of over 2 million accommodation options across 230 countries. Besides its own offers, Travala also lists booking offers from partnered websites, such as Expedia, Booking.com, and Priceline.
Besides Travala native AVA token and Swipe’s SXP, customers can pay for their hotel stays with a wide range of other cryptocurrencies. The lists of supported cryptos includes Bitcoin, Ether, Dash, Bitcoin Cash, Litecoin, EOS, Stellar, Cardano, Binance Chain, Monero, Tron, Ripple, and Dai.
Juan Otero, CEO of Travala.com praised the two-way integration:
“Swipe is an amazing company with industry-leading products and an A-grade team. The impact for our token holders being able to spend anywhere in the world is a dream. Almost equally exciting is the opportunity for SXP holders to be booking travel directly from us.”
Swipe was recently acquired by Binance, Travala utilizes Binance Chain
Both companies are in good relations with the leading cryptocurrency exchange Binance. In fact, Swipe has recently been taken over by the popular exchange and is also the issuer of Binance Card, the exchange’s version of a crypto-enabled Visa debit card. Travala, on the other hand, migrated to the Binance Chain ecosystem in September 2019 and has undergone a strategic merger with Binance-backed flight booking service TravelByBit in mid-July.
Travala looks to further bounce back from the coronavirus-induced crisis, which has hit the tourism industry hard. Nevertheless, the numbers are looking good as the company reported a 205% increase in its revenue in May compared to April, and another 170% increase in June. The crypto bookings platform aims to additionally increase its market share by offering cheaper prices and tokenized rewards for its users.