The merger will see the combination of two leading blockchain-based online travel platforms to build one of the largest online travel agencies in the world
Travala.com, the leading blockchain-based accommodation booking platform announced today its strategic merger with the leading cryptocurrency-friendly flight booking portal TravelbyBit, backed by Binance, the global blockchain company behind the world’s largest cryptocurrency exchange by trading volume and users.
This merger is a strategic decision between Travala.com and TravelByBit, who have been the leading players in building blockchain-based travel booking platforms in the past two years to realize its full potential. As the first step of the merger, the companies will cross-market one another’s travel offerings, while at a later date, a full integration between the two companies will create one of the largest online travel agencies in the world with over 2 million hotels and 600 airlines around the globe.
Travala.com and TBB currently offer multi-currency payment platforms, supporting payments in fiat and over 25 popular cryptocurrencies including Bitcoin, Ethereum, Litecoin, BNB, and BUSD.
Juan Otero, Travala.com CEO, said, “We couldn’t be more excited to join forces with TravelbyBit, which is backed by Binance and have constantly been achieving and pushing crypto adoption by providing blockchain-based online travel booking services. We share similar values with Binance and TravelbyBit and are fully aligned on our vision for the future of massive cryptocurrency adoption.”
Since being founded in 2017, Travala.com has established itself as one of the leaders in driving mainstream usage of cryptocurrencies for worldwide travel. After migrating to Binance Chain in 2019, Travala.com has continued striving to bring more transparent pricing, innovation, and enhanced security to the travel industry while aiming to align online travel bookings with the universal ethos of decentralized technology.
Australia-based TravelbyBit was launched in 2017 as a way for travelers to use their cryptocurrency when booking trips for travel. Since securing its investment from Binance back in 2018, TravelbyBit has grown from a small start-up to one of the leading cryptocurrency-friendly flight booking services built for the new economy and blockchain generation.
Caleb Yeoh, TravelbyBit CEO, said, “On behalf of everyone at TravelbyBit we are really excited to work with the team at Travala.com to advance the usage of blockchain and cryptocurrency within the travel space. The combined teams will make this goal more likely.”
Changpeng Zhao (CZ), Binance CEO, said, “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.”