NEM foundation has just reached an agreement with leading crypto hotel booking platform to make the NEM native token, XEM, available for booking in over 2 million hotels across the globe, a report has said.
Travala, a hotel and accommodation firm offering revolutionary, easy to use booking means by combining decentralization and tokenized incentive structures, today announced that it is integrating NEM’s XEM token on its platform.
The integration of XEM on the platform would open the cryptocurrency to use in over 2 million hotels in 230 countries across the globe. Travala said the addition of XEM will give its customers more paying options in a secure way as well as give XEM users the opportunity to book with their crypto assets.
Users of XEM who intend to book with the cryptocurrency get about 40% discount rate in over 2 million lodges where Travala offers accommodation booking services.
Hence, the deployment of the cryptocurrency will make NEM (XEM) offer its lovers another tangible use case.
Travala describes NEM as a top and reputable crypto project in the ecosystem which has stood firm to the test of crypto turbulence.
The CEO of NEM not-for-profit foundation, Alex Tinsman, eulogized Travala for its impact in promoting crypto and blockchain adoption across the globe especially in the hospitality industry.
“We’re glad to be partnering with them to include XEM on their platform, further underlining our long-term message of scaling the technology for all institutions across all industries,” Alex said.
The CEO of Travala, Matt Luczynski, also welcomed the NEM community into the league of crypto booking assets on the platform.
“We are delighted to welcome NEM as a certified Travel partner and we look forward to XEM holders joining our crypto travel booking community,” Luczynski said.
However, NEM foundation would be unveiling its next iteration of blockchain technology. The new Travala’s innovation would be an enterprise solution product under the cryptonym, Catapult.
More than 20 cryptocurrencies including bitcoin, Ethereum, TRON, among others have been integrated into the platform for booking options. Aside from crypto, Travala also allows its users to pay with Visa, MasterCard, American Express, PayPal and Stripe.
Travala allows users to book accommodation at a reduced rate and extra loyalty rewards for users who book with its utility token AVA.