Leading the way in the travel industry with blockchain solutions this investment will assist in Travala.com’s global expansion
London, United Kingdom –– December 19th, 2019 –– Following the recent announcement of a strategic partnership with Booking.com, Travala.com, the leading blockchain-based accommodation booking platform, has just announced an investment from Yellow Capital Fund, the investment arm of leading Blockchain Incubator Yellow. Aimed at propelling real-world use-cases, the Yellow Capital investment will assist in the international expansion of Travala.com.
Commenting on the announcement, Matthew Luczynski, CEO, and Co-Founder of Travala.com said, “It’s a real pleasure to welcome a new partner with such a commitment to the future of blockchain technology and mass crypto adoption. From January to November of this year, Travala.com has seen an increase in the number of room nights booked of over 800%. With this backing from Yellow Capital, we can now focus on the next phase of growth for Travala.com.”
Enabling blockchain startups with capital, mentorship, software solutions, physical hubs and advisory as their core offerings, Yellow aims to replicate the metaphor of the famous blockchain related DCS triangle: Decentralized-Consistent-Scale and it has positioned itself as one of the leading brands in the blockchain technology space.
Commenting on the announcement, Alexis Sirkia, Founder of Yellow said, “We want every dollar we invest to make a lasting difference in the world, so our primary focus is on projects who are aiming for mass-adoption of blockchain technology and Travala.com is a perfect example. We want to help find the next Booking.com in blockchain.”
Yellow Capital joins previous investors NEO EcoFund from China and Crowdcube from the United Kingdom
The Travala.com platform currently offers over 2,000,000 hotels and accommodations covering 90,124 destinations in 230 countries. With prices up to 40% cheaper than mainstream travel booking platforms, travellers can save money and use 21 different cryptocurrencies to pay for accommodation bookings on the website, while earning AVA rewards with every booking.
About Travala.com:
Travala.com is the world’s leading cryptocurrency-friendly hotel and accommodation booking service with 2,000,000+ hotels and accommodations in 230 countries and a champion of cryptocurrency adoption, accepting over 20 leading cryptocurrencies in addition to traditional payment methods. The Travala.com value proposition is bolstered by AVA. As the native cryptocurrency of the platform, AVA can be used for payments, receiving and redeeming loyalty rewards, refunds, and as a store of value, among several other use cases.
For more information, visit: https://www.travala.com
About Yellow:
Yellow is building the future of Blockchain with seed investments, mentorship, advisory (STOs, token economics, legal, banking, marketing, fundraising and listing) and software solutions as core offerings. Yellow also enriches the Blockchain community through physical hubs (co-working spaces), live events (conferences and meetups), and original news and entertainment.
For more information, visit: https://www.incubator.yellow.com
