Travala.com Introduces Bitcoin Cashback Program for Elite Travelers
Travala.com, a Singapore-based travel agency, has launched an exclusive Bitcoin (BTC) cashback program for its high-tier users. Under this initiative, elite travelers can earn 10% cashback in Bitcoin on their travel booking payments. The move highlights Travala.com’s recognition of Bitcoin as a prominent cryptocurrency and its limited supply as a valuable digital asset.
Why Bitcoin?
Bitcoin is one of the top three payment methods used on Travala.com, accounting for approximately 9% of total travel bookings. The decision to introduce a BTC cashback program reinforces the platform’s confidence in Bitcoin’s enduring appeal and growing mainstream acceptance.
Juan Otero, CEO of Travala.com, believes that Bitcoin’s recent approval for exchange-traded funds (ETFs) has further enhanced its appeal:
“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.”
— Juan Otero, CEO of Travala.com
The BTC cashback program offers members flexibility in utilizing their rewards. They can either use them for future travel bookings or withdraw them to external wallets, exchanges, or platforms.
Requirements for Accessing the BTC Cashback Program
To participate in the BTC cashback program, users must meet the following requirements:
- Own a Travel Tiger NFT
- Stake 2,500 AVA tokens to activate Smart Diamond membership
The Travel Tiger NFT is a limited edition digital collectible, with only 1,000 in circulation. It has a floor price of 2.6 Ethereum (ETH), equivalent to approximately $9,800 based on current market rates.
Cryptocurrency-based Cashback Programs as Disruptors
Travala.com views cryptocurrency-based cashback programs as potential disruptors of conventional Web2-based schemes. The platform believes that these programs can bring several benefits, including:
- Potential fee cuts
- Lower fraud risks associated with traditional payment channels
Juan Otero is optimistic that Bitcoin rewards can serve as a gateway for new users into the Web3 ecosystem. Travala.com aims to leverage its AVA Foundation blockchain platform and native AVA tokens to distribute cashback and loyalty rewards, offer payment discounts, and provide exclusive access benefits.
Conclusion: Bitcoin Cashback Program for Elite Travelers
Travala.com has introduced an innovative Bitcoin cashback program for its high-tier users. By offering 10% cashback in Bitcoin on travel booking payments, the platform aims to tap into the growing popularity of Bitcoin and its limited supply as a valuable digital asset. With Bitcoin becoming more appealing to mainstream audiences, this program provides elite travelers with an attractive opportunity to earn rewards in the leading cryptocurrency.
To access the BTC cashback program, users need to own a Travel Tiger NFT and stake 2,500 AVA tokens for Smart Diamond membership. Travala.com sees cryptocurrency-based cashback programs as potential disruptors of traditional schemes due to their potential for fee cuts and lower fraud risks.
By leveraging its AVA Foundation blockchain platform and native AVA tokens, Travala.com aims to provide users with a seamless experience in utilizing their Bitcoin rewards. This program not only benefits elite travelers but also serves as a gateway for new users to explore the Web3 ecosystem.
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