Travala.com, a travel firm that welcomes cryptocurrencycurrencies, is establishing a Bitcoin payback scheme, citing BTC scarcity as a desirable reward system for its premium clientele.
Travala’s new reward program is only available to users who have unlocked the Smart Diamond tier of the loyalty reward program managed by the AVA Foundation’s blockchain platform, according to an announcement.
Juan Otero, CEO of Travala.com, stressed Bitcoin’s significant prominence as the most recognized cryptocurrencycurrency, as well as its finite quantity and role as a scarce digital commodity, which inspired the new cashback scheme.
He went on to say, “Bitcoin is here to stay, and it’s now becoming more appealing to mainstream audiences, thanks to the recent approval of the first spot Bitcoin exchange-traded fund.”
According to Otero, offering Bitcoin cashback incentives on travel tickets boosts the appeal of using cryptocurrencycurrency for everyday transactions. Furthermore, Travala confirmed that bonuses are credited to members’ accounts 24 hours after the voyage is completed.
Members will be allowed to utilize their Bitcoin winnings however they like. Users can withdraw Bitcoin to an external wallet, exchange, or platform, or use it to pay for other travel-related products available on the platform. Top-tier Travala.com members receive a 10% Bitcoin cashback on reservations with the Singapore-based travel business.
Bitcoin is one of Travala.com’s top three payment choices. Approximately 9% of travel reservations booked on the marketplace are paid using Bitcoin. In 2023, guests spent over $5 million in Bitcoin on hotels, activities, and flights.
However, Travala’s BTC cashback program is somewhat exclusive, as activating Smart Diamond membership necessitates staking 2,500 AVA tokens and possessing a Travel Tiger NFT.
According to the firm, embracing Bitcoin might reduce chargeback fraud risks and help cashback providers reduce fees associated with traditional payment methods. Travala’s CEO believes that its BTC and AVA incentive systems can recruit new members to the Web3 ecosystem via Bitcoin.
