The Crypto Travel Revolution
User Behavior Insights
The partnership has revealed fascinating patterns about crypto travelers:
People using crypto spend about $1,211 on each trip, while those using fiat spend only $469.
More clients who make crypto travel plans book their trips just 11 days before departure, about 2 weeks less than those who use fiat currency.
About 80 percent of the bookings on Travala are now made using digital currencies.
Platform Growth and Expansion
Travala just opened up car rentals. The crypto travel company now gives users access to over 1,700 rental brands across more than 50,000 locations in 150 countries, starting February 26.
Founded in 2017, Travala is the leading crypto-native travel booking service with 2,200,000+ properties in 230 countries, 400,000+ activities, and 600+ airlines globally. Travala is a champion of cryptocurrency adoption, accepting over 100 leading cryptocurrencies as well as traditional payment methods.
Industry Impact and Future Outlook
Market Leadership
"It's clear to see that crypto is moving toward being useful in everyday life and travel is leading the change," according to Jonathan Lim, Global Head of Binance Pay. "We help make this shift possible by allowing young travelers to pay quickly, cheaply and across borders through our platform."
According to Juan Otero, CEO of Travala, using crypto for booking travel is clear. "Now that the stablecoins market surpasses the sizes of Visa and Mastercard, it is clear that crypto can compete worldwide in payments."
Strategic Partnerships
Binance assists us in marketing our platform to over 16 million Binance users, makes key resources available to us, and provides our payment gateway at zero cost via the Binance Pay service.