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With the emergence of Bitcoin (BTC) as a valuable asset, crypto-friendly travel service Travala.com is introducing a BTC cashback scheme to reward its premiumĀ customers.
Those who reached the Smart Diamond level of the loyalty reward program run by the AVA Foundationās blockchain platform may take advantage of Travalaās new incentive system, according to an announcement.
The new reward scheme is driven by Bitcoinās fame, its limited supply, and its status as a precious digital asset, according to Travala.comĀ CEO Juan Otero.
Th CEO stated:
āBitcoin is here to stay, and itās now becoming more appealing to mainstream audiences, thanks to the recent approval of the first spot Bitcoin exchange-traded fund.ā
The availability of Bitcoin cashback incentives on travelĀ reservations, according to Otero, increases the attractiveness of using bitcoin for everyday purchases. Additionally, Travala has verified that members will get their rewardsĀ no later than 24 hours after their journey ends.
Members will have the freedom to use their Bitcoin rewardsĀ as they choose. They may use their Bitcoin to buy further travel goods on the platformĀ or to withdraw it to another service, exchange, or wallet.
Travala.com accepts Bitcoin as one of its top three payment options. Almost nine percent of all reservations for trips booked via the platformĀ use Bitcoin as payment. For transportation, lodging, and activities in 2023, tourists paid about $5 million in bitcoin.
As an alternative to traditional Web2-based programs, Travala promotes cryptocurrency-based cashback schemes. Bitcoin, according to the business, might assist cashback providers lower chargeback fraud risks and expenses connected with conventional payment rails.
The CEO of Travala thinks that the BTC and AVA rewards programs might bring in new users to the Web3 ecosystem using Bitcoin. Cashback, loyalty, payment savings, and restricted access advantages are distributed by the AVA Foundation, a blockchain-based rewards network that utilizesĀ its nativeĀ AVA token.
Having a Travel Tiger NFT and 2,500 AVA tokens staked to activate Smart Diamond membership makes Travalaās BTC cashback program rather exclusive.
There are a limited amount of 1,000 Travel Tiger NFTs available, thus the rewards system will only be open to a certain number of passengers. The NFTs are collectible utility tokens that are randomly created and mint on the Ethereum blockchain. According to OpenSeaās market statistics, Travel Tigerās floor price is 2.6 Ether, which is worth roughly $9,800 right now.
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