Binance Funded Travala.com Explores Potential Acquisition Offers
According to reports, binance supports online travel reservation platform travala.com is famous for accepting encrypted payment. It is reported that it is reported to explore the acquisition offer with a valuation of 100 million US dollars.
Although it has not yet been confirmed, Travala’s consultant has been consulting with other major travel platforms on potential acquisition agreements.
Travala explore potential sales
Travala.com’s future ownership, a popular Blockchain As the company thinks of possible acquisitions, a travel booking platform with extensive product selection is uncertain.
According to reports, Booking.com originally believed that it might acquire Travala, but finally decided not to pursue it. Discussions with other potential buyers are in progress.
However, at the current stage, the company may eventually choose to maintain independence.
Travala.com Founded in 2017 Travel booking platform Provide more than 3 million travel products in more than 230 countries/regions. It accepts payment from various cryptocurrencies, including its local token AVA.
Industry sources show that Travala’s acquisition is worth more than $ 100 million. The company’s strong financial performance supports this evaluation estimation.
Travala’s revenue generated in the previous year exceeded more than $ 100 million, and industry analysts predict that revenue in 2025 will increase significantly. It is expected to be driven to a large extent. Increased use of cryptocurrency payment And the increasingly popular travel services based on blockchain.
As an important shareholder of Travala.com, Binance’s position will affect any potential company acquisition. The transaction may need to be approved by the encryption exchange.
This fiscal year is strong
last month, The price of Travala’s AVA tokens rose 300 % Former Binance CEO Changpeng Zhao (CZ) revealed that binance Before the big popularity, he invested in a cryptocurrency travel platform.
The announcement coincides with Travala’s milestone more than $ 100 million in annual revenue, which has significantly increased from US $ 59.6 million in 2023.
The company attributes this growth to the increased flight and hotel reservation, and customers can use more than 100 cryptocurrencies to pay.
However, due to its recording rally, The price of Ava in Travala has been working hard to maintain motivationEssence From the peak period of US $ 180 million on December 13, the market value of the token fell from its peak of $ 180 million to $ 48.7 million.
In any case, Travala has introduced many innovations of decentralized travel since its establishment. In 2021, travala.com started dtravelA decentralized travel booking platform competing with Airbnb.
DTravel runs on the blockchain and allows homeowners and renters to share the ownership of the platform through the TRVL token. This token is awarded user ownership, and vote Power in platform governance. Dravel is currently found on Ethereum and Binance Smart Chain.
Also, earlier today Sorana Fusion Use platform allows Stablecoin Pay to USDC and USDT.
In 2020 Travala.com has established a strategic partnership with ViatorThe leading provider of tourism and activities is also a subsidiary of Tripadvisor. The partnership has greatly expanded the scope of travel options available for travala.com.
However, in the past three years, the company’s growth plan is quite slow. This is because larger travel platforms continue to occupy extensive transactions.
Therefore, potential acquisitions may actually help the Travala brand to accelerate its growth.
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