The leading DEX aggregator 1inch collaborates with Binance-backed online travel agency Travela.com to add 1INCH token as a payment option on the travel website’s platform.
According to the announcement, 1INCH token users will be able to book over 2.2 million hotels and homes, 600+ airlines, and 40,000+ activities in over 230 countries with this partnership.
1INCH token is joining Bitcoin, Ethereum, and Travala.com’s native AVA token as a payment method in the travel agency’s website as part of this deal with 1inch.
Travala.com’s corporate account services will also be utilized by the 1inch Network for its internal travel needs.
1INCH holders are getting access to over 3 million travel products, saving up to 40% in comparison with other online travel agencies.
1inch’s objective is furthered by this deal, which expands the 1INCH token’s use cases and captures additional value via new applications of the token’s unique technology.
Sergej Kunz, the 1inch Network’s co-founder, noted “Mass adoption of 1inch products and solutions is always high on the agenda. And the integration with Travala.com is a major step in that direction, as it creates new utility for the 1INCH token and provides exposure to numerous potential users.”
Juan Otero, Travala.com CEO, stated “In continuing our commitment towards mass cryptocurrency adoption, we’re very excited to partner with the 1inch Network to champion the growth of the crypto community and to bring a new use case to the 1INCH token.”
Last December, Travala.com announced a partnership with OpenNode to enhance the bitcoin payment service through Lightning Network for travelers around the world. The partnership provided a boost to Bitcoin payments taking less processing fees and executing faster transactions.
Travela.com is not the only travel agency to dive into the rising crypto sector. In March, Indian online travel agency MakeMyTrip announced a limited edition immersive NFT collection dubbed as ‘Virtual Vacations.’ The first batch comprised NFT arts of Goa, Orissa, Ladakh, Himachal, Kashmir, Kerala, Meghalaya, Rajasthan and Andamans.