The positive price performance of Elrond (ERD) in 2020 continues as the altcoin project announced new partnerships with major players in the global travel industry. When we last reported on Elrond it was priced at $00.00218/coin and it now sits at $00.00536/coin at the time of writing this article, marking an increase of approximately 142%, in less than 30 days.
Flight Payments with ERD on 600 Airlines
Elrond Network CEO Beniamin Mincu announced the news of the project’s partnership with Travala and TravelbyBit – two prominent online travel agencies, via a Medium blog post on Thursday (June 18, 2020). According to the statement, both companies are integrating Elrond on their platforms, allowing users to purchase flight tickets and hotel accommodation using ERD.
The partnership with Travala and TravelbyBit will potentially give customers exposure to 600 airlines and over two million hotels worldwide. Commenting on the development, Mincu remarked:
“The recent changes in travel habits put Travala.com & TravelbyBit in a very special position to offer users more convenient payment alternatives. We are very excited about this integration, which offers a great opportunity for the Elrond ecosystem, adding significant utility for the ERD currency.”
Both Travala and TravelbyBit have a history of crypto adoption, with the latter even being backed by cryptocurrency exchange giant Binance.
Indeed, the Elrond mainnet launch will see both ERD and BUSD accepted as payment means on both travel agency platforms. BUSD is the first stablecoin to see integration in the Elrond ecosystem.
As part of the collaboration, Elrond is inviting users to spread the word about the adoption of ERD on both travel agencies to stand a chance of winning up to $5,000 in Elrond tokens. The inclusion of ERD payments for airline tickets and hotels is also coming at a time when countries are moving towards lifting COVID-19 travel restrictions amid the onset of the summer vacation.