1inch Network – the decentralized exchange aggregator platform – has announced a partnership with Travala. The Binance-backed travel agency will now offer the 1INCH token as payment option on its platform.
The press release stated that 1INCH token holders can book more than 2.2 Million hotels and homes, 600 airline tickets, and other activities across 230 countries through the integration.
Travala will offer them access to various travel products.
Following the development, Sergej Kunz, 1inch Network co-founder, said that mass adoption of the company’s products and solutions is the top-most priority of the aggregator.
Kunz anticipates that the integration would create new utility for 1INCH tokens while providing exposure to many possible users.
Juan Otero, Travala.com CEO, commented.
“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.”
1inch Network has recently launched a spot price aggregater to extract data from assets traded on decentralized blockchain exchanges. The end goal of the tool is to solve information-related tasks and would support DEXs on – Ethereum, Binance Smart Chain, Polygon, Avalanche, Optimistic Ethereum, Arbitrum, and Gnosis Chain.
Earlier this year, the protocol also launched a new investment tool dubbed “1inch Earn” that focuses on incentivizing liquidity providers.