Digital Currency Set to Revolutionize International Travel
Although international travel continues to increase each year, many of the inconveniences associated with it still have not gone away. The team at EBCoin has pioneered an innovative application of digital or “crypto” currency that is set to make things a little easier and more affordable for the international tourist.
Problem #1: Foreign Currency Exchange
Besides having to pay local sales tax on purchases, travelers usually need to go through the tedious task of obtaining local paper currency to make purchases in other countries. They are often faced with inflated exchange rates and hefty ATM fees, leaving them with less to spend on actual goods and services at their travel destination.
EBCoin is a digital platform that aims to solve these challenges and endeavors to make international travel a more realistic option for more people. To do this, the EBCoin team has developed their own cryptocurrency, the Eximbay Coin or EBC. Travelers will be able to spend EBC at participating retailers around the world. EBCoin will also provide a decentralized, inexpensive way for travelers to buy EBC with their home currency, and to convert it into the currency of their travel destination.
Travelers will be able to spend EBC at participating retailers around the world
Problem #2: Tax Refunds
In addition to foreign currency exchange, EBCoin is providing a more efficient way for travelers to claim tax refunds. By using the handy EBCoin Wallet App, travelers can associate their passport information with their purchase receipts and upload this data to the decentralized EBCoin platform. This enables them to obtain a full reimbursement without suffering the hassle of long wait times and high fees associated with the current refund systems.
full reimbursement without suffering the hassle of long wait times and high fees
We at EBCoin are confident that our solution will pave the way for many applications of blockchain technology in the tourism industry. Travelling internationally will soon be more affordable and easier than ever before, making the full benefits of international travel accessible to all.
For more information, please visit our website or join our community.
Telegram: https://t.me/EBCoinGlobal
Twitter : https://twitter.com/EBCoinGlobal
Linkedin: https://www.linkedin.com/company/ebcoinglobal/
Facebook : https://www.facebook.com/EBCoinGlobal/
