TravelByBit has merged with Travala, according to an announcement made on May 20. The two platforms had previously accepted payments in cryptocurrencies, but the Binance-backed merger now makes the combined service now makes them an especially large online travel agency that accepts cryptocurrencies.
Travala’s native cryptocurrency, AVA, will power the new platform which will cross-market each other’s travel products. Once full integration is complete, the merged platform will offer over 2 million hotels and 600 airlines.
Both platforms made cryptocurrency payments an important feature of their platform, with Travala previously supporting over 29 cryptocurrencies. The AVA token can be used to avail discounts, subscribe to rewards and loyalty programs and book flights. The platform migrated to the Binance Chain in 2019 and deepened association with Binance since.
Binance CEO Changpeng Zhao was all praise for the merger,
Travala.com and TravelbyBit have proven their ability to build world-class travel booking platforms that the crypto community love. We are looking forward to supporting them in their journey and bringing more widespread crypto utility through travel.
Binance invested $2.5 million in Brisbane-based TravelByBit in October 2018 to help them become a global point-of-sale, which received praise from the Queensland's Minister for Innovation and Tourism for the innovation.
The merger is hoping to push for a 12 month revenue in excess of $10 million pre-COVID 19 data.