AVA will be backed by Google Pay, Samsung Pay and Apple Pay via Swipe’s integration with these payment services. Additionally, the AVA token can be accessed by 500,000 users of multi-asset crypto wallet offered by Swipe.
The development has come soon after Swipe was acquired by prominent cryptocurrency exchange Binance and the roll out of Swipe powered Binance crypto debit card.
Travala.com, nevertheless, switched over to Binance Chain in fall of 2019.
Along with AVA’s embedding in the Swipe platform, SXP (native crypto of Swipe) will be listed by Travala.com as a desired mode of payment for bookings at more than 2 million hotels in 230 countries.
This includes lodging choices at Booking.com, Expedia and Priceline, with each of them having partnership with Swipe to facilitate crypto based travel booking.
Clients of Travala will be able to make payments with its native AVA token, in addition to a huge list of top cryptocurrency assets that includes Bitcoin (BTC), Dash (DASH), Cardano (ADA), Tron (TRX), Ether (ETH), Litecoin (LTC), Monero (XMR), Bitcoin Cash (BCH), EOS, Stellar (XLM), Binance Chain (BNB), XRP and Dai (DAI).
Juan Otero, CEO of Travala believes that the bi-directional integration of Swipe and Travala’s native tokens might aid adoption in a massive manner.
Cryptos such as AVA, when expended via Swipe’s Visa debit cards, get exchanged to fiat money almost instantaneously, thereby paving way for its usability at any venues that accept Visa or smart phone based payments.
A few weeks before, Travala revealed that its monthly revenue sky-rocketed 205% m-o-m in May, indicating a likely rebound following the sharp decline in bookings caused by Covid-19 pandemic.
Back in May, Travala inked a partnership deal with TravelByBit, which offers flight booking services at more than 600 airlines.
With numerous cyrptocurrency payment choices and tokenized rewards, both entities trust that they can demonstrate better abilities than comparable conventional services during the worldwide downturn.