1inch network has announced a partnership with Travala, a leading cryptocurrency travel website. Through this partnership, Travala will include 1INCH token as one of the supported payment methods on its platform.
1inch network partners with Travala
1inch Network is a decentralized exchange aggregator platform. The platform is now looking to expand the utility for 1INCH token holders, which will be enabled through the latest deal with Travala.
Travala is a platform backed by Binance, and it stands as one of the most popular travel websites with close ties to the crypto space. The latest partnership will allow anyone that holds a 1INCH token to use it to book the over 2.2 million homes and hotels listed with Travala. Travala also supports more than 600 airlines, and it has a presence in 230 countries.
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1INCH token holders will also be able to access a wide range of travel products supported by Travala. The co-founder of the 1inch Network, Sergei Kunz, noted that the aggregator had an objective of achieving high levels of mass adoption for its products and solutions. Therefore, the recent partnership was a step forward towards achieving this.
Kunz noted that this partnership would expand the utility for the 1INCH token. Moreover, it will also provide exposure to more potential network users. Travala has already integrated some of the largest cryptocurrencies, and 1INCH token holders will no longer be left out of using the leading crypto-based travel platform.
The CEO of Travala, Juan Otero, also commented on the development, saying, “In continuing our commitment towards mass cryptocurrency adoption, we’re very excited to partner with the 1inch Network to champion the growth of the crypto community and to bring a new use case to 1INCH. The team impressed me with their vision for their business, and I have no doubt that we will see them making waves in the crypto community.”
Developments in 1inch Network
The 1inch Network has been making strategic developments to expand its ecosystem. Recently, it unveiled a spot price aggregator to access data for the assets traded on the decentralized exchanges (DEXs) within the blockchain.
The aggregator tool performs information-related functions, and it will also support DEXs on other networks such as Ethereum, BNB Chain, Avalanche, Polygon, Optimistic Ethereum, Arbitrum and Gnosis Chain. At the beginning of the year, the network unveiled a new investment tool known as 1inch Earn to incentivize liquidity providers.
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