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Through its official blog page, Travala.com has today announced its new partnership with the Binance-backed payment platform Swipe.
“With the partnership, AVA is now spendable via the Swipe Wallet and its associated Visa debit cards, in either digital or physical form, at 60 million merchants worldwide that accept Visa, as well as through services such as Google Pay, Apple Pay & Samsung Pay. AVA will also be made directly available to more than 500,000 users of the Swipe wallet,” Travala wrote.
Swipe also went to its official Twitter page to announce the partnership, whereby it said that as from today, Travala will accept $SXP as a preferred payment at more than 2 million outlets.
— Swipe (@SwipeWallet) July 24, 2020
“Swipe is an amazing company with industry-leading products and an A-grade team. The impact for our token holders being able to spend anywhere in the world is a dream. Almost equally exciting is the opportunity for SXP holders to be booking travel directly from us.” said Juan Otero, CEO of Travala.com
The endgame in most of the recent crypto moves seems to be directed to further digital asset adoption.
“Travala.com is a champion of cryptocurrency adoption and we are very excited to both include AVA on Swipe and have SXP as a preferred payment method for booking travel on Travala.com,” said Joselito Lizarondo, Swipe CEO.
Travala.com and Swipe Partnership
With approximately 2,000,000+ properties in 230 countries and 600 airlines globally, Travala’s involvement in the crypto industry cannot be ruled out as it is a huge market with the capacity to add on to the existing market capitalization.
The company accepts 28 of the leading digital assets and continues to add more, hence giving its customers a wide variety to choose from. The freedom of payment is likely to attract more travelers to use their site based on cheap, affordable, and quality services.
With the partnership, customers can be guaranteed of real-time, and cheap transactions. This is because the Swipe platform enables users to spend cryptocurrencies in real-time without having to convert the transactions prior manually.
The two companies’ native coins, AVA and SXP have experienced a sharp rise in the past few weeks.
For the AVA, it has moved from trading around $0.1 in May to around $0.95 at the time of reporting. It gained 31.20% in the past 24- hours, and still shows signs of rallying more.
SXP on the other hand has gained over 6% in the past 24- hours to trade around $1.72 at the time of publication.