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- Travala is a popular crypto-native travel booking service with over 2.2 million properties from 230 countries and supporting over 600 global airlines.
- The integration of Travala and the Toncoin network will further increase the adoption of TON, which is a great benefit to its entire web3 ecosystem.
Travala AVA (AVA), a major crypto-native online travel service, has announced a strategic partnership with Toncoin (TON), a fast-growing web3 ecosystem backed by the Telegram social media platform, to integrate TON for its payment. The Travala platform has grown to a globally respected online travel service with more than 2.2 million hotels, over 600 worldwide airlines, and 410k activities available in more than 230 different jurisdictions.
The integration with Toncoin for TON payments is a strategic move to onboard more users seamlessly by providing real-world utility. Moreover, the Toncoin network has attracted millions of Telegram users in the recent past, especially with its tap-to-earn projects such as TON. Juan Otero, CEO of Travala.com, noted:
In continuing our commitment towards mass cryptocurrency adoption, we’re delighted to partner with Toncoin to champion the growth of the crypto community and bring a new real-world use case to TON,
Through the strategic partnership between Toncoin and Travala, TON token holders can seamlessly access a cheaper and more inclusive travel economy alongside over 100 other digital assets such as Bitcoin (BTC), Ethereum (ETH), Tether (USDT),
Direct Implication on Network
Ever since its direct endorsement by the Telegram social media platform, the Toncoin network has outshined legacy web3 blockchains such as Cardano to be ranked among the top ten most valuable digital assets.
As of this report, the Toncoin network had a total value locked (TVL) of about $479 million and more than $410 million in stablecoins market cap. As Crypto News Flash previously pointed out, Tether and Toncoin are working directly together to enhance the mainstream adoption of web3 products.
The integration of Toncoin with Travala will have a long-lasting impact on the TON holders, as the overall liquidity for TON will significantly improve. Moreover, the use of blockchain technology to improve siloed travel services has been embraced by major airlines and hotels around the world.
Ultimately, the Toncoin network will continue to grow into a major web3 ecosystem backed by Telegram users. The recent launch of Notcoin (NOT), which has grown to a $1.67 billion valued gamify and meme coin project is a clear testament to the sheer potential for the Toncoin network.
TON Price Action
The TON price action has been among the few outliers in the crypto industry after rallying exponentially in the past few months to its all-time high (ATH).
The large-cap altcoin, with a fully diluted valuation of about $35 billion and a daily average traded volume of around $318 million, has rallied more than 200 percent since the beginning of the year to trade around $6.65 at the time of this writing.
From a technical standpoint, the TON price has already entered its parabolic phase of the ongoing crypto bull run. As a result, TON’s price against the US dollar has more upside movement in the near term.
