Travala Expands Its Crypto Payments Options By Adding NEM’s XEM Token

Travel platform Travala, a firm that allows its customers to pay for hotel accommodations using digital currencies, has partnered with the NEM Foundation to support XEM token payments.

In a blog post, Travala and NEM Foundation announced that XEM has been integrated as a payment option on Travala’s platform. In this regard, XEM is now part of more than 20 other virtual currencies which are presented as payment options by Travala which comprise of:

Following the agreement, XEM holders can now enjoy up to 40% discounts for more than 2 million accommodations locations around the world. NEM CEO, Alex Tinsman expressed his gratitude saying that the travel platform has been essential in supporting the crypto industry and plays a vital role in enhancing the mass adoption of cryptos.

He added that the addition of the XEM payment option is a testament to the firm’s commitment to scaling the use of the token in various firms across all industries. Travala CEO, Matt Luczynski, welcomed XEM holders saying that his firm will ensure they get the best services.

The new developments come just days after the firm announced it had begun accepting USDT as a payment option for its over 2 million destinations.

The firm has been aggressive in providing crypto-based payment solutions. In November last year, the firm partnered with Bookings.com to enable its clients to book more than 90,000 divergent destinations via cryptocurrencies. The firm announced that its December revenues had increased by 33.5% following the partnership. About 28% of the December revenues were made through Bitcoin.

A spokesperson at the online travel firm said BTC is the most used virtual currency on Travala, accounting for more than 60% of all the crypto payments revenues.

The use of crypto in the tourism sector has not only been confined to bookings only. Late last month, Thailand announced that it will use blockchain for its digital visa application procedures to speed up the process and soon will be available to international visitors. Similarly, Alternative Airlines, a UK-based travel firm, has inked a deal with Utrust to allow payments using crypto.

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Author: Joseph Kibe

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