Wirex, a popular web3 money app, has announced the launch of its hotel booking platform, Wirex Travel. The service offers up to 65% off hotel prices and 8% cashback for payments made with Wirex cards.
With this move, Wirex is challenging Binance Backed Travala, which has dominated the crypto-based travel booking market since 2020.
New players in the crypto travel booking market
Wirex has expanded its offering over the years. It has long been offering users benefits such as zero foreign exchange fees, interbank exchange rates, and cryptocurrency rewards. Currently, the project is entering the crypto-based travel booking market.
Wirex Travel ranks as a user-friendly and comprehensive travel market where users can find thousands of hotel options around the world. Reservations are available in both traditional Fiat currency and crypto, including Bitcoin (BTC) and Tether (USDT).
Most notably, the platform offers unparalleled and attractive deals to other service providers. For example, Wirex Travel currently offers up to 65% discounts on luxury hotels and resorts at major holiday destinations like the Maldives. It also offers 8% cashback to Wirex card users.
The platform shows a wide range of exclusive deals and discounts. This aggressive launch strategy will allow Wirex to acquire the developing market segment.
“Traveling should be simple, seamless and rewarding. With Wylex Travel, we help users get generous rewards while earning generous rewards when paying with Wylex cards.
For years, Travala has dominated the crypto-based travel booking market. It was one of the first participants and received a large amount of money from major investors like Binance. Users can book flights, hotels and vacation packages using over 100 popular cryptocurrencies.
Although Wirex’s features are very limited compared to Travala’s features, its entries could make the crypto travel segment more competitive.
A rich user base, proven experience in crypto payment spaces, and now a highly competitive travel booking platform, Wirex is founded as a strong competitor.
Crypto Payments’ massive promotion only strengthens Wirex’s position, providing great incentives for users who want to maximize their savings while using digital assets for daily purchases such as travel.
