Vechain and Travala.com partnered in order to integrate VET as a worldwide payment method for hotels as we are reading in today’s’ Vechain Vet news.
Vechain teamed up with Travala.com which the leading crypto travel booking platform to integrate VET as a payment accommodation option as the partnerships enable usage of VET for more than 2,200,000 hotels and homes across the world on the booking platform. According to the new report by Grand View Research, the global vacation rental market size will likely hit $114 billion by 2027 expanding the CAGR of 3.4% over the period.
Responding to the surge in demand, VeChain and Travala will build more products to offer a one-stop-shop solution for the users while also facilitating more ways for the blockchain and crypto community to spend the altcoins in travel. By sharing the same vision of mass adoption of cryptocurrencies and blockchain, Vechain was dedicated to the promotion of VET utility by simply making more valuable transactions and also expanding the role of the smart money in the dual token system.
With the latest collaboration, Vechain’s VET token will be used in Travala’s business network by covering more than 2 million accommodation options in 80,000 destinations worldwide. The co-founder of VeChain Sunny Lu said:
“Positioned as the ecosystem enabler, VeChain has been on the path for accumulating real-world applications and client base, and we’re always on the lookout for partnerships amongst a diverse list of industries to widen the adoption of blockchain. We’re pleased to partner with Travala.com to bring users an enhanced travel experience through the utilisation of blockchain technology.”
The CEO at Travala.com, Juan Otero said that the company is dedicated to expanding valuable options for the users:
“Through this partnership, we hope to continue to push the growth of cryptocurrency adoption by enabling our user’s access to VeChain’s reputable ecosystem and fast, user-friendly payment execution.”
Both of the platforms were promoting their goals to widen the crypto adoption over valuable partnerships and mutual benefits. Travala will continue to facilitate more ways for users to book travel with crypto assets as the consumer appetite for modern payment alternatives increases. Travala.com was founded in 2017 and is now a leading cryptocurrency-friendly travel booking service. The platform is backed by Binance and is a champion of cryptocurrency adoption that accepts more than 30 leading cryptocurrencies.
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