Crypto Booking Platform Travala Now Accepts XEM As Preferred Payment Methodbr>
Crypto-friendly booking platform Travala has announced its partnership with the NEM Foundation, integrating the XEM token as a preferred payment method.
Travala is using blockchain technology to transform the future of the online travel industry. With a portfolio of over 567,928 properties across 210 countries and territories, spanning 82,311 destinations, Travala leverages on the token economy to deliver a more streamlined booking process and fairer pricing system for consumers and merchants alike.
Incorporated in Singapore and launched in 2017, NEM Foundation is a global blockchain-first company. The Foundation was created to introduce, educate, and promote the use of the NEM blockchain technology platform on an international scale to all industries and institutions. The XEM token is a top 30 cryptocurrency with a current market cap of over $300 million.
The partnership will enable Travala customers to book accommodations through the website with XEM, and receive up to 40% off in discounts at over 2 million hotels in 230 countries worldwide.
With the acceptance of XEM, Travala said that it continues to provide a secure and accessible hotel booking service to crypto holders.
“We are delighted to welcome NEM as a certified Travel partner and we look forward to XEM holders joining our crypto travel booking community,” said Matt Luczynski, CEO of Travala.
The NEM Foundation said that the integration adds another example to the list of tangible use-cases for XEM.
“Travala.com has long been a supporter of the crypto community and a valuable advocate for widespread adoption of cryptocurrencies and blockchain technology,” said Alex Tinsman, CEO of NEM. “We’re glad to be partnering with them to include XEM on their platform, further underlining our long-term message of scaling the technology for all institutions across all industries.”