When one thinks of newsworthy vacation platforms, it is typically AirBnB that comes to mind. However, Travala.com is a platform that is most certainly worth remembering. Travala has a repository of approximately 3 million holiday rentals that can be procured with crypto tokens. The platform, which is operational in 195 nations, has added home bookings to its functionality, recently.
A Deep Dive Into The Booking Of Vacation Homes With Cryptocurrency
Travala.com accepts a diverse range of tokens as forms of payment, including BTC, ETH, and BNB. They also have their own token, AVA. Travala.com discussed a review of the first-quarter earnings with their holding company, Booking Holdings. They stated that the general industry direction is to move over to home rentals for holidays over traditional hotels.
CEO Juan Otero stated that the need for alternatives to traditional vacation options is surging. In addition, this past week, the firm revealed its collaboration with Agoda. Just after having released news of their association with Expedia in July of this year and Booking.com back in 2019. Furthermore, they have close ties to TravelBit, a blockchain protocol for travel agencies, and Binance.
The Funding Rate – Aka The Latest Buzzword In Cryptocurrency Circles
Bitcoin has been experiencing a plethora of attraction due to its recent performance. All of this has inspired a recent uptick in interest in a concept known as the funding rate of digital assets. However, despite this huge development of a desire for knowledge, there is still a lot of confusion on the topic.
In conventional financial jargon, this term refers to how a future rate is based on the current price of the same asset. These price levels have a set termination date. At times there can be minor discrepancies between the success rate and the set rate. However, these are eliminated when the future price hits the expiry date.
However, in the world of fintech, this concept is based on perpetual swaps instead. In this model, the spot rate of an asset is what the funding rate is linked to. Yet, in this model, there is no holding down of the initial price and therefore, no termination date. This implies that the investor could retain it for perpetuity.
How Does The Funding Rate Influence Trading In Cryptocurrency?
This measure shows the level of unpredictability in a tradeable instrument. However, a note of caution, it is a lagging metric and not a leading one. The price of an asset can sway the funding rate, but the latter cannot influence the former. A further note is that the greater the rate, the more significant the gap between the perpetual swap and the spot price.
Another thing to be wary of is the growing volume of the market captured, it is a convincing metric to use. However, research has shown in the past that the data can and has been manipulated at times. Therefore, it is important to be prudent and to verify your sources.