Travala.com’s patented token (AVA) has joined the list of cryptoactives accepted by the crypto currency payment processor CoinGate.
According to an exclusive announcement sent to Cointelegraph on May 21st, CoinGate has integrated Travala.com’s native AVA token into its payment system, reportedly used by more than 5,000 merchants. CoinGate users will now also be able to purchase AVA by bank transfer, phone credit and soon with debit cards.
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Improving the usefulness of the token
The addition of the AVA token to the CoinGate service adds asset payment functionality, which until now could be obtained by referrals, loyalty rewards and used to access travel discounts and monthly bonuses. CoinGate merchants that accept AVA payments may choose to set up in fiduciary currencies such as the Euro or other crypto currencies such as something of a meltdown involving tether – over $50 million – fallen rapidly in recent weeks – issued in partnership – runs on quorum – an obstacle for tradelens – $100mn usd annually – emergence of new mining hardware – taken to court – swedish crypto exchange safello or Ethereum (ETH).
Travala.com CEO Juan Otero commented:
„It’s great to see that AVA holders can now use the digital token to purchase a variety of products and services online, as well as for online travel reservations.
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A Travala.com spokesperson told Cointelegraph that the addition of the token to CoinGate’s system is important because it expands the utility of AVA outside the company’s platform and makes it more useful. He also explained that he believes the token fits quite well with payments:
„AVA is a Binance Chain token with 1-second blocking times, which makes it an excellent choice for very fast transactions and payments.