Travel platform Travala.com has revealed a new collaboration with crypto project Velo.
The alliance will allow VELO coin holders to conveniently pay for various traveling services.
Individuals can use the VELO coin to book services in over 2 million hotels, flights with over 600 airlines, and more than 400,000 fun activities.
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Meanwhile, the integration matches Velo’s goal of expanding its practical utility while targeting massive adoption.
The project will enjoy mainstream recognition amidst day-to-day use cases within the travel sector.
Individuals touring various destinations can now use VELO to book multiple services. Velo announced,
Travala has agreed to accept Velo Tokens as a method of exchange for their services in select jurisdictions, providing seamless booking options for Velo Token holders. Users will be able to access over 3,000,000 flights, hotels, and activities worldwide using their digital assets.
Top benefits for VELO holders
Seamless travel booking: holders can use their tokens to pay for travel services without converting them into fiat. Whether traveling for business or vacation, Velo allows secure, efficient, and convenient booking on the Travala platform.
Mainstream adoption: the alliance reflects increased recognition and relevance of digital currencies in daily transactions. Velo will enjoy magnified visibility with Travala’s nearly 300,000 monthly active users. The announcement added:
This integration exemplifies Velo’s dedication to driving mainstream cryptocurrency adoption while giving its community tangible ways to use their tokens.
VELO price performance
While partnering with a trusted traveling platform marks a crucial milestone for Velo, the native token’s price didn’t reflect the optimism.
VELO saw a notable dip today, losing over 5% within the past day to trade at $0.01303.
The 30% plunge in VELO’s daily trading volume underscores weakness and continued near-term dips for the token.
The prevailing bearish stance likely depicts cool-offs after a 21% move from the weekly low of $0.0126 to yesterday’s peak at $0.01536.
Source – Coinmarketcap
Broad market sentiments will remain crucial in determining VELO’s directional bias in the upcoming sessions.
The sector exhibits optimism as Bitcoin sways well above $67,500, with analysts predicting new all-time highs in the next few weeks.
Michael van de Poppe trusts Bitcoin shifted its trend with the latest move from $62,500 to above $68,000.
He believes the bellwether crypto has all it takes to tap $90,000 before 2024-end.
#Bitcoin is aiming for a new all-time high.
The trend has switched.
I think we’ll see this happening in the next 3-4 weeks that we’ll see that all-time high and likely $90K before EOY.
A BTC ATH would mean record highs in the altcoin space, making the current VELO plunge a potential dip-buy opportunity.
In summary, Velo attained a significant milestone with Travala integration. The crypto project will likely enjoy increased mainstream acceptance.
VELO holders can book a wide range of travel services, opening the path for real-world use cases and making the travel market crypto-friendlier.
The move will cement Velo’s status as a trusted cryptocurrency, translating to stable growth and impressive price actions in the imminent broad market rally.
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