News
Travala integrates Telegram’s open network for bookings with TON
- 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 for its entire web3 ecosystem.
Travala AVA (AVA), a leading crypto-native online travel service, announced a strategic partnership with Toncoin (TON), a fast-growing web3 ecosystem supported by social media platform Telegram, to integrate TON for its payments. The Travala platform has grown to become a globally respected online travel service with over 2.2 million hotels, over 600 airlines worldwide and 410,000 activities available in more than 230 different jurisdictions.
Integration with Toncoin for TON payments is a strategic move to integrate more users seamlessly while providing real-world utility. Furthermore, the Toncoin network has attracted millions of Telegram users in the recent past, especially with its tap-to-earn projects like TON. Juan Otero, CEO of Travala.com, noted:
As we continue our commitment to mass adoption of cryptocurrencies, we are pleased to partner with Toncoin to support 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 the network
Since its direct endorsement by social media platform Telegram, the Toncoin network has outperformed legacy web3 blockchains such as Cardano, ranking among the top ten most valuable digital assets.
At the time of this report, the Toncoin network had a total value locked (TVL) of approximately $479 million and a stablecoin market capitalization of over $410 million. AS Crypto News Flash previously highlightedTether and Toncoin are working directly together to improve mainstream adoption of web3 products.
The integration of Toncoin with Travala will have a lasting impact on TON holders, as the overall liquidity of TON will improve significantly. Additionally, the use of blockchain technology to improve compartmentalized travel services has been adopted by major airlines and hotels around the world.
Ultimately, the Toncoin network will continue to grow into a major web3 ecosystem supported by Telegram users. The recent launch of Notcoin (NOT), which has grown into a gamify and meme coin project worth $1.67 billion, is a clear testament to the enormous potential of the Toncoin network.
TON Price action
TON’s price action has been among the few outliers in the cryptocurrency sector after seeing an exponential rally over the past few months to its all-time high (ATH).
The large-cap altcoin, with a fully diluted valuation of around $35 billion and an average daily traded volume of around $318 million, has rallied more than 200% since the start of the year, settling at around $6.65 at the time of this writing.
From a technical point of view, the TON price has already entered the parabolic phase of the ongoing cryptocurrency bull run. As a result, the price of TON against the US dollar will have a more bullish movement in the short term.