Bitcoin Cashback for Top-tier Travelers
1. Travala’s Initiative
Travala.com, a leading crypto-friendly travel agency, is introducing a novel Bitcoin cashback program, aimed at rewarding its top-tier travelers with the scarcity and value of BTC.
2. The Exclusive Reward Scheme
This exclusive cashback program is available to users who have achieved the Smart Diamond tier within Travala’s loyalty reward program, operated by the AVA Foundation’s blockchain platform.
Driving Forces Behind the Program
1. Bitcoin’s Prominence and Finite Supply
Travala.com CEO Juan Otero underscores Bitcoin’s status as the most recognized cryptocurrency and its finite supply, highlighting these factors as key drivers behind the cashback initiative.
2. Broadening Cryptocurrency Adoption
Otero emphasizes that offering Bitcoin cashback rewards on travel bookings not only incentivizes travelers but also promotes the mainstream adoption of cryptocurrency for daily transactions.
Redeeming Rewards and Usage Flexibility
1. Instant Reward Crediting
Travala ensures that Bitcoin rewards are promptly credited to members’ accounts within 24 hours of completing a trip, providing seamless access to their earned rewards.
2. Freedom of Utilization
Members have complete freedom to utilize their Bitcoin rewards, whether for further travel bookings on the platform or withdrawing to external wallets, exchanges, or platforms.
Impact and Usage Trends
1. Bitcoin’s Significance in Travel Bookings
Bitcoin emerges as one of the top three payment methods on Travala.com, with approximately 9% of travel bookings settled using BTC, amounting to over $5 million in transactions during 2023.
2. Exclusivity and Membership Requirements
Travala’s BTC cashback scheme comes with exclusivity, necessitating ownership of a Travel Tiger NFT and staking 2,500 AVA tokens to activate Smart Diamond membership.
A Paradigm Shift in Travel Rewards
In conclusion, Travala.com’s Bitcoin cashback program represents a paradigm shift in travel rewards, leveraging the allure of cryptocurrency scarcity to enhance the travel experience for its esteemed members.