Travala.com is a blockchain travel platform backed by Binance, currently considering acquisition offers after receiving an unsolicited proposal
Travala.com is a blockchain travel platform backed by Binance, currently considering acquisition offers after receiving an unsolicited proposal. The platform accepts cryptocurrency payments and has achieved over $100 million in annual revenue, with a valuation around $100 million. The rise in cryptocurrency use fuels its growth potential.
Founded in 2017, Travala provides over 3 million travel options in over 230 countries, allowing payments in various cryptocurrencies, including its own token, AVA. Although AVA’s value increased after Binance’s investment announcement, its overall performance has been lackluster.
Booking.com previously showed interest in acquiring Travala but chose not to proceed. Ongoing discussions with other potential buyers have not yet resulted in any agreements, and Travala may opt to stay independent.
Binance, as a…
