Binance Native Tokens are Now Used for Hotel Bookings at Xceltrip

Tabassum
November 14, 2018
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Xceltrip

Announced on Twitter today, the native token of Binance, BNB will be used for hotel booking. It says that Xceltrip has 500,00 hotels that accept BNB tokens.
The tweet goes as follows;

Following the Tweet, Binance CEO appreciates the adoption, stating

XcelTrip is a new travel booking platform, enabling air travel, hotels, and vehicle rental services. However, the platform is also employing a cryptocurrency ecosystem wherein it claims itself as the “World class Decentralized Travel Ecosystem. Consequently, in late July 2018, the firm announced to accept seven different cryptocurrencies which were including Bitcoin, Ethereum, Dash, NEM, SteemSteamSteam, Ripple, and Litecoin.

With the early adoption of cryptocurrency across the tourism sector, XceTrip is more likely to disrupt the travel industry. Based out in Singapore, the platform helps people book hotels using its platform. However, the firm has its own token called (XcelToken – XCEL) which has built on Ethereum ERC 20 platform.

XcelTrip is not alone in a race to accept cryptocurrency as a payment, rather there are international travel platforms that hit cryptocurrency mainstream. Few of those platforms are Travelbybit, AirTreks, airBaltic, ABitSky, CheapAir, Destinia, SurfAir and more.

However, there is no clarity regarding 500,000 hotels accepting BNB tokens on its official website. So what’s your take on BNB acceptance as a payment by new travel platform ExcelTrip? Let us know in comment below

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Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.

Why Trust CoinGape

CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more…to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.

About Author
About Author
Tabassum is a full-time content writer at Coingape. Her passion lies in writing and delivering apt information to users. Currently, she does not hold any form of cryptocurrencies. Follow her on Twitter at @Tabassumnaiz and reach out to her at Tabassum[at]coingape.com
Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.