Travala.com claims Asia is ahead of Europe in cryptocurrency implementation

Blockchain-enabled hotel booking platform, Travala.com, claims that, according to recent numbers, Asia is the "more advanced than Europe" when it comes to the implementation of cryptocurrency in the travel sector.

“At the moment, cryptocurrency adoption is still in its early stages, but Travala.com is setting the standard for how it can be used in the space,” said Travala.com’s CEO and Founder Matt Luczynski.

Travala.com, as the official accommodation partner for the upcoming Consensus: Asia conference in Singapore will allow for over 15 native crypto payment options, including PayPal and credit cards. 

“Singapore’s progressive nature in pushing the mainstream adoption of cryptocurrency as a form of payment is exactly what we at Travala.com are championing. Joining forces with one of the leading conferences in the space to further drive Singapore’s crypto ecosystem is something we are truly pleased about,” said Luczynski. 

Some 80% of Travala.com’s payments are made in cryptocurrency and it expects this trend to continue although Luczynski said the challenge is for brands to be able to balance the trend surrounding new payment forms and consumer needs. This is something he says Travala.com has been able to “do well” and he hopes it will “set the bar for how it can be accomplished in the industry”. 

Read more here

Join us November 12-15 for the Property Portal Watch Conference Madrid 2019.