- Travala.com partners with Litecoin Foundation to promote the use of cryptocurrency payments
- Litecoin’s LoafWallet users can now save up to 40% on hotel bookings
- Travala becomes the official accommodation partner for the forthcoming summit to be held later this year
This week Travala.com, a blockchain-based hotel booking platform announced its strategic partnership with Litecoin Foundation, a Singapore-based non-profit organization to promote the real-world usage of cryptocurrency for payments. Travala.com will also be the official accommodation partner in the upcoming Litecoin Summit.
Strategic partnership between Travala and the Litecoin foundation
Per the announcement, Travala.com and the Litecoin foundation have entered a strategic partnership that will enable users to pay with LTC while making hotel bookings. Payments made using LTC, the fifth largest cryptocurrency by market cap come with a 40 percent discount.
According to Travala, the aim of the partnership is to accelerate the use of cryptocurrency for payments globally which can be made possible by creating real-world use cases for these virtual assets.
For this reason, the partnership with Litecoin Foundation is part of its #TravelWithLitecoin campaign which encourages the LTC community to use their coins for payments in everyday life.
To that effect, people can use the Travala.com’s blockchain-based booking platform and Litecoin’s LoafWallet to process such payments. They can also opt to pay with other payments methods including Visa, MasterCard, and PayPal.
The booking platform also stated that its services are offered in 210 countries and 82,000 destinations in a bid to ensure that as many regions as possible are covered and offer a more inclusive travel booking experience.
Matthew Luczynski, CEO and Founder of Travala.com while commenting on the collaboration said:
“We’re delighted to embark on this journey with the Litecoin Foundation with a unified goal: to bring the mainstream use of cryptocurrencies into everyday life.”
Travala.com – official accommodation partner for the Litecoin summit
Asides enabling the use of LTC for payments, Travala.com will be the official partner during the Litecoin summit which has been scheduled for October 28 – 29, 2019 in line with the Evolv’s Vegas Blockchain Week.
The two-day event will see in attendance the likes of Charlie Lee, Litecoin’s creator, Tim Draper, an American venture capital investor, and Anthony Pompliano, Founder & Partner at Morgan Creek Digital.
Those who would like to attend the summit can book their accommodation directly from the Travala.com platform using LTC.
Litecoin racking up partnerships
Lately the Litecoin Foundation has made the headlines for its partnership with several companies.
On February 27, 2019 Blockchain Reporter informed that the non-profit organization has entered into a strategic partnership with GLORY, premier kickboxing league. LTC is now being accepted in the GLORY online store and will be promoted in GLORY events.
Blockchain Reporter also revealed on December 28, 2018, that the Foundation would be sponsoring a UFC match in order to promote LTC to millions of viewers of UFC events across the world.