Tuesday, February 27, 2024

Travala’s 2021 Q3 Report Reveals Crypto Adoption Cancelling Negative Impact of the Pandemic

Travala is known in the crypto community for being a crypto-friendly travel management platform. It is one of the few platforms that allow buying flight tickets, booking hotels, and more with cryptocurrencies. The platform supports all major cryptocurrencies.

In their recently released Q3 report, it is clear that the firm has grown alongside the growth of crypto. On top of that, the company believes that cryptocurrency has helped them recover more than what they lost due to the pandemic.

The Q3 report shows a 651% growth compared to the 3rd quarter of 2020. It is not very surprising considering the easing down of lockdowns across the world. However, there is another important feature at play here. With the introduction of Community Pool and Community Vote with its proof-of-travel NFTs, the travel company has seen considerable success.

As the reports show, a total of 49% of users transacted in cryptocurrencies while using Travala’s booking platform. Of this 49%, 8% used Bitcoin and the remaining 41% used other tokens like ETH and AVA. Travala also reported that many users made use of their travel credit feature.

Travala’s stellar bounceback against the backdrop of Covid-19 is testimony to the immense potential of crypto. Despite a global pandemic of unforeseen stature, cryptocurrency continues to thrive. Such reports will influence more and more companies to adopt cryptocurrency and accept payments in them. CEO of Travala, Juan Otero, is hopeful that crypto will only improve their business in the coming days.

Cryptured Team
Cryptured Team
The writers team at Cryptured.com is composed of passionate and experienced journalists who cover the latest developments in the crypto and blockchain space. They aim to provide accurate, unbiased and easy-to-understand news and information for their readers, as well as insights and analysis from industry experts. The writers team is always on the lookout for new and exciting stories that can help the general public learn more about the potential and challenges of these technologies.
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