XEM token holders can now gain up to 40% off over 2 million hotels in 230 countries

LONDON, UK –– Wednesday, January 22, 2020 — Today the NEM Foundation and Travala.com, the leading crypto-friendly hotel booking platform, announced the integration of NEM’s XEM token with the travel website’s platform. In addition to a range of crypto and fiat currencies, Travala.com will now accept XEM, a popular cryptocurrency with a current market cap of over three hundred million dollars. With the acceptance of XEM, Travala.com continues to provide a secure and accessible hotel booking service to crypto holders.

With this integration, the NEM Foundation, a Singapore-registered nonprofit governing board of the NEM blockchain, is adding another example to the list of tangible use-cases for XEM, a Top 30 Coin by market cap. XEM has an active and loyal global community, one that has so far stood the test of crypto and altcoin winter.

Welcoming the Travala.com community, Alex Tinsman, CEO of NEM said: “Travala.com has long been a supporter of the crypto community and a valuable advocate for widespread adoption of cryptocurrencies and blockchain technology. We’re glad to be partnering with them to include XEM on their platform, further underlining our long-term message of scaling the technology for all institutions across all industries.”

This partnership directly follows the news that NEM Foundation is launching their next iteration of blockchain technology in an enterprise solution product developed under the codename Catapult, and recently formally announced as SYMBOL From NEM.

Welcoming XEM holders, Matt Luczynski, CEO of Travala.com said: “We are delighted to welcome NEM as a certified Travel partner and we look forward to XEM holders joining our crypto travel booking community.”

In addition to providing a further use case for the popular token, Travala.com is offering XEM holders up to 40% discounts on over 2,000,000 accommodation bookings made on Travala.com. Travala.com currently accepts over twenty cryptocurrencies as payment as well as Visa, MasterCard, American Express, PayPal and Stripe. In addition to unbeatable prices via its Best Price Guarantee, Smart users on Travala.com enjoy additional discounts, loyalty rewards for eligible bookings made on the platform via its native utility token AVA.

About Travala.com:

Travala.com is the leading cryptocurrency-friendly hotel and accommodation booking service with 2,000,000+ properties in 230 countries and a champion of cryptocurrency adoption, accepting over 20 leading cryptocurrencies in addition to traditional payment methods. The Travala.com value proposition is bolstered by AVA. As the native cryptocurrency of the platform, AVA can be used for payments, receiving and redeeming loyalty rewards, refunds, and as a store of value, among several other use cases. For more information, visit: www.travala.com

About NEM Foundation

NEM Foundation is a global blockchain-first company, incorporated in Singapore and launched in 2017, two years after the launch of NEM (XEM) an off-the-shelf enterprise-grade blockchain platform. The Foundation was created to introduce, educate, and promote the use of the NEM blockchain technology platform on an international scale to all industries and institutions. NEM is a top 30 coin by market cap, and NEM Foundation’s President, Alexandra Tinsman (“Alex”), is one of the 9% of female executives in the information technology space.