Travala.com Now Lets You Buy Travel Gift Cards with Bitcoin and other Cryptocurrencies with a 10% Discount, redeemable for over 3 Million Travel Products Worldwide.
London – November 19, 2020 – Travala.com, the world’s leading blockchain-based travel booking service, has partnered with BitPay, the world’s largest processor of Bitcoin and cryptocurrency payments, to power Travala.com’s new Travel Gift Cards. The partnership will enable cryptocurrency holders to purchase gift cards redeemable for over 3 million travel products on Travala.com.
Travala.com’s Travel Gift Cards will be available to purchase using any of the 30+ cryptocurrencies supported on the company’s travel booking platform, in addition to credit and debit card options. Through BitPay, travellers can now convert up to twenty thousand dollars to a Travala.com Travel Gift Card when cryptocurrency market conditions are favourable and use it to book travel anytime in the future, with the Travel Gift Cards having no set expiry date.
The partnership also aims to advance mass cryptocurrency adoption by capitalising on the long-term trends associated with the booming gift card market. A recent study estimates that the global market size for gift cards was valued at over $619 billion in 2019, a figure that is projected to grow at a rate of 14.9% CAGR and reach $1.9 trillion by 2027. Through its Travel Gift Cards, Travala.com will look to address the growing demand for gift card products by implementing the versatility of cryptocurrency and introducing this option to new and existing cryptocurrency holders.
Juan Otero, CEO of Travala.com, said: “Travel gift cards are a product that we’ve been wanting to offer to our customers for a while, so we’re delighted to have found a partner in BitPay to help bring the idea to life. With the unprecedented pent-up demand for travel following lockdowns across the globe, and with Christmas just around the corner, the partnership allows us to provide a practical, secure, and flexible solution to giving the gift of travel and getting travellers excited about exploring the world again as restrictions ease.”
Sonny Singh, Chief Commercial Officer at BitPay, said: “Cryptocurrency is ideal for travel expenses, including airlines, hotels and rental cars, as there are no foregin exchange fees and can be used globally. “Working with Travala.com, we can offer them a way to accept crypto while reaching new customers who want an innovative and safe payment option.”
Travala.com’s Travel Gift Cards are already available for purchase on Travala.com at www.travala.com/buy-gift-cards with an exclusive 10% discount on all purchases until 31st of December.
About Travala.com
Founded in 2017, Travala.com is the leading cryptocurrency-friendly travel booking service with 2,200,000+ properties, 400,000+ activities in 230 countries, and 600 airlines globally. Travala.com is a champion of cryptocurrency adoption, accepting over 80 leading cryptocurrencies along with traditional payment methods. In addition to unbeatable prices via its Best Price Guarantee, Smart members on Travala.com can also enjoy additional discounts and loyalty rewards for eligible bookings made on the platform. For more information about Travala.com, visit: www.travala.com.
About BitPay
Founded in 2011, BitPay pioneered blockchain payment processing with the mission of transforming how businesses and people send, receive, and store money. Its business solutions eliminate fraud chargebacks, reduce the cost of payment processing, and enable borderless payments in cryptocurrency, among other services. BitPay offers consumers a complete digital asset management solution that includes the BitPay Wallet and BitPay Prepaid Card, enabling them to turn digital assets into dollars for spending at tens of thousands of businesses. The company has offices in North America, Europe, and South America and has raised more than $70 million in funding from leading investment firms including Founders Fund, Index Ventures, Virgin Group, and Aquiline Technology Growth.
For more information visit bitpay.com.
