As the leading enterprise-friendly public blockchain platform, VeChain has teamed up with Travala.com, the leading cryptocurrency-friendly travel booking platform, integrating VET as the payment accommodation options. The partnership enables usage of VET seamlessly for over 2,200,000 hotels and homes worldwide on Travala.com.
According to a new report by Grand View Research, the global vacation rental market size is expected to reach USD $114 billion by 2027, expanding at a CAGR of 3.4% over the forecast period.
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Responding to the surge in demand, Travala.com continues to build more products to offer a one-stop-shop solution for its users while also facilitating more ways for the blockchain and crypto community to spend their crypto in travel.
VET Tokens To Be Used As Smart Money
Sharing the same vision of mass adoption of blockchain and cryptocurrencies, VeChain has been dedicated in the promotion of VET utility by creating more valuable transactions as well as expanding VET’s role as the smart money in our dual token system.
With this collaboration, VeChain VET token will be used in Travala’s business network covering more than 2 million accommodation options in over 80,000 destinations across the world.
Sunny Lu, the co-founder and CEO at VeChain, 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.”
Juan Otero, CEO at Travala.com, said: “At Travala.com, we are dedicated to expanding valuable options for our 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.”
