Renters will now be able to book about 250K destinations across the company’s network thanks to the decentralized home-sharing platform’s acceptance of cryptocurrency payments.
Customers can now make cryptocurrency payments on Dtravel, a blockchain-based travel service. Customers will also be able to book 250,000 residences across 20,000 destinations using TRVL, the company’s native token.
Binance-backed Travala.com, a centralized booking outlet that allows users to book rooms and flights using the crypto token AVA, is supporting the decentralized home-sharing site.
Customers can now make payments using Dtravel’s freshly created TRVL cryptocurrency token, according to the company. Customers that use TRVL will also receive additional incentives such as travel rewards and involvement in governance. The platform also mentioned that they will continue to expand their service portfolio by adding new destinations.
The token launch drew 60,000 people from various cryptocurrency platforms, and the token was then listed on the Bybit, MEXC Global, and Gate exchanges.
Dtravel is basically a Decentralized Autonomous Platform (DAO) that allows TRVL token owners to participate in the company’s key decision-making processes. The platform is led by Expedia and Airbnb executives who got tokens in exchange for their investments in the business.
“At this early stage of the project, providing the Dtravel community with a wider choice of housing options is vital to ensuring that the community grows globally, not only in tourist hotspots.” The speed with which we’ve been able to grow the number of homes on Dtravel will be critical in speeding up the home-sharing economy’s transition from Web 2.0 to Web 3.0, which enables both hosts and guests to shape the platform through ownership and governance,” says Cynthia Huang of Genesys Partners, Dtravel’s initial development team.
The TRVL token was recently launched on Kucoin and is also accessible on PancakeSwap on Binance Smart Chain. Customers can also use the AnySwap cross-chain bridge to switch between the BEP 20 TRVL and the E20 TRVL tokens in real time.