With this new development, VeChain’s native token VET can now be used to book over 2.2 million hotels and homes in 230 countries across the world on Travala.com.
VeChain Foundation tweeted, “To further the cause of blockchain mass adoption, VeChain is excited to partner with Travala.com! Our smart money, VET is now officially accepted as a payment token for over 2,200,000 accommodations worldwide in more than 230 countries.”
To further the cause of #blockchain mass adoption, #VeChain is excited to partner with @travalacom! Our smart money, $VET is now officially accepted as a payment token for over 2,200,000 accommodations worldwide in more than 230 countries. https://t.co/47NvlhPg3R
— VeChain Foundation (@vechainofficial) August 19, 2020
The fact that the digital token VET has been opened to a means to showcase its utilities to a wider range of users makes the new partnership significant.
VeChain Is Dedicated To the Promotion of VET’s Utility
As illustrated above, in the partnership, VET token is to be used as smart money to enhance the vision of the mass adoption of blockchain and cryptocurrencies.
Going by the report, VeChain as an enterprise-friendly public blockchain platform has been dedicated to promoting the utility embedded in the digital token VET, by creating more valuable transactions, coupled with expanding VET’s role as the smart money in its dual token system.
The partnership will enable VET token for payments in Travala’s business network of over 2 million hotels and homes in over 80,000 destinations across the world.
Reacting to the new development, the co-founder and CEO of VeChain, Sunny Lu, said:
“Positioned as the ecosystem enabler, VeChain has been on the path for accumulating real-world applications and client base, and we’re always on the lookout for partnerships amongst a diverse list of industries to widen the adoption of blockchain. We’re pleased to partner with Travala.com to bring users an enhanced travel experience through the utilization of blockchain technology.”
On the other hand, the CEO of Travala.com, Juan Otero, also reacted to the opportunity for the firm’s teeming users to leverage VET’s utility:
“At Travala.com, we are dedicated to expanding valuable options for our users. Through this partnership, we hope to continue to push the growth of cryptocurrency adoption by enabling our user’s access to VeChain’s reputable ecosystem and fast, user-friendly payment execution.”
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