Categories: Altcoin News

Cardano’s Emurgo Partners With Travala To Drive ADA adoption

advertisement

Emurgo–the business development wing of Cardano, is partnering with Travala–a blockchain-based platform for online hotel and accommodation booking  that supports an array of cryptocurrencies. 

Advertisement

The announcement was made on June 30, 2020, and the deal will see Travala list ADA—the native currency of Cardano, as one of the supported digital assets.  As part of their marketing, all users who pay with ADA will receive a 10 percent cash back through to July 31, 2020.

AVA And ADA Prices Are Stable

ADA remains range-bound against the USD while Travala (AVA) has registered minimal gains in the last trading hour.

However, significant to Cardano is the integration of a platform that is already delivering value to thousands of travelers in over 230 countries across the globe who would rather pay in crypto than cash.

Ken Kodama of Emurgo, in a statement, said:

Advertisement

“As global travel begins to gradually resume, EMURGO is excited to partner with Travala.com to bring functional utility to Cardano ADA users. Being able to book flights, hotels, and other travel accommodations with ADA at over 2 million properties in 90,000 international destinations demonstrates EMURGO’s focus to drive real-world Cardano adoption.”

Driving ADA Adoption Ahead Of Shelley Mainnet Launch

Through this deal, Emurgo and Cardano have made known their intention of driving ADA adoption especially at this time when the developer community is ramping up and testing code in preparation for the Shelley mainnet.

Shelley brings about complete decentralization of Cardano by allowing different validators to join the network.

Charles Hoskinson—the lead of IOHK which develops and vets submitted code, is confident of Cardano’s decentralization. He has proudly stated that once Cardano rolls out, it will be in several folds trump Bitcoin’s level of decentralization.

Towards a seamless transition, the Cardano development team (IOHK) has requested the extension of the Incentivized Test Network where real ADA is used to test, using real-world data, how Shelley will operate. ADA received as rewards will be reimbursed in August 2020.

Travala and TravelByBit Strategic Merger

Travala has already merged with TravelByBit—a competing platform backed by Binance.

As agreed, the first phase of their deal will be to cross-market each other’s offering before full integration of their service to create one of the largest blockchain-based travel platforms in the coming days.

Travala’s strategic merger revived talks of a possible AVA listing on Binance.

To keep track of DeFi updates in real time, check out our DeFi news feed Here.

Dalmas Ngetich

Dalmas is a very active cryptocurrency content creator and highly regarded technical analyst. He’s passionate about blockchain technology and the futuristic potential of cryptocurrencies and enjoys the opportunity to help educate bitcoin enthusiasts through his writing insights and coin price chart analysis. Follow him at @dalmas_ngetich

Recent Posts

Goldman Sachs Set to Restart Dealing in Bitcoin Futures; Also Exploring Bitcoin ETF Potential

Goldman Sachs, the global investment banking giant has reopened its crypto trading desk, first started…

4 hours ago

Fidelity’s Global Macro Director Says Bitcoin Has Evolved to Become Digital Gold

Jurrien Timmer, Director of Global Macro Fidelity Global Asset Allocation believes Bitcoin has evolved as…

6 hours ago

After Shark Tanks Kevin O’Leary, Hedge Fund Manager Daniel Loeb Does “Deep Dive” In Crypto

Cryptocurrencies continue to entice some of the biggest global investors and even those who were…

7 hours ago

Bitcoin Shoots 7% As MicroStrategy Buys Another $15 Million Worth Bitcoin

After staying under solid pressure over the last weekend, Bitcoin (BTC) is once again back…

8 hours ago

Twitter to Raise $1.25 Billion in Convertible Notes, Many Beleive They Would Buy Bitcoin

Twitter Inc. the social media giant has announced $1.25 billion in convertible notes days after…

9 hours ago

Alfacash Store Lets Users Gain Crypto Exposure without Being Exposed

Cryptocurrencies are becoming mainstream. From Visa’s and Mastercard’s approval to Paypal’s and Revolut’s foray into…

9 hours ago