Dtravel, a blockchain-based travel website will now permit customers to make payments in cryptocurrency. The customers will also be able to make payments in its native token TRVL to book 250,000 homes spread across 20,000 destinations.
The decentralized home-sharing platform is backed by the leading cryptocurrency exchange Binance, allowing customers to rent vacation homes at premium tourist destinations. It was launched by Travala.com, a centralized booking outlet that allows customers to book accommodations and flights by making payments in crypto token AVA.
Dtravel will now accept payments in cryptocurrency
Dtravel says that customers can now use its recently launched TRVL cryptocurrency token to make payments. Customers using TRVL will also get additional benefits such as travel rewards and governance participation. The platform further stated that they will continue to add more destinations to diversify their service portfolio.
The token launch which was conducted two weeks ago hosted 60,000 participants across several cryptocurrency platforms, after which the token was listed on Bybit, MEXC Global, and Gate exchange.
Dtravel primarily functions as a Decentralized Autonomous Platform (DAO) allowing TRVL token holders to take part in the company’s core decision-making procedures. The platform is led by the executives of Expedia and Airbnb who received tokens in exchange for their funds invested in the said venture.
“Offering the Dtravel community an expanded range of accommodation options in these early stages of the project is critical for ensuring the community continues to grow globally, not just in tourist hot spots. The speed at which we’ve been able to increase the number of homes on Dtravel will be instrumental in accelerating the home-sharing economy’s transition from Web 2.0 to Web 3.0 which — in the case of Dtravel — enables both hosts and guests to shape the platform through ownership and governance,” says Cynthia Huang of Genesys Partners, the initial development team of Dtravel.
— Dtravel (@DtravelDAO) December 9, 2021
The TRVL token was recently listed on Kucoin and is also available on Binance Smart Chain’s PancakeSwap. Customers can also make use of the AnySwap cross-chain bridge to seamlessly swap between the BEP 20 TRVL token and the E20 TRVL token.
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