EBCoin will revolutionize the $60B a year duty free/tax refund market for tourism. EBCoin is an ERC20 token standardized on Ethereum blockchain, and a complete eWallet solution. By using EBCoin, consumers receive their refunds instantaneously and can then use their proceeds as a digital currency. With EBCoin, tax refunds are transparent, resulting in greater efficiencies for tax authorities. For retailers, EBCoin significantly reduces costs relative to the incumbent systems. EBCoin will drive higher tourism spend at participating duty free shops, and ultimately, the EBCoin itself becomes a store of value and payment. EBCoin is a registered Singaporean company and is advised by RHTLaw Taylor Wessing LLP, a global legal and advisory firm with representation across 41 offices in Asia, the Middle East, Europe and the United States via the Taylor Wessing network and ASEAM Plus Group.
STO/ICO Status
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Basics
| Platform | Ethereum |
|---|---|
| Type | ERC20 |
| Accepting | ETH |
| Circulating Supply | 50% |
| KYC | N/A |
| Restricted Areas | N/A |
| Homepage | Website URL |
| White Paper | View/Download |
About
We have devised a cryptocurrency that will replace the demand for the local currency used by global travelers.Global travelers are dramatically increasing year by year, and the biggest contributor is Chinese amongst of them.It is well known that most Chinese tourists travel as group tours and they spend a lot of money on shopping during the trip.
The top ten countries visited by Chinese travelers are all in Asia.First of all, we plan to set up ATMs for currency exchange at each airport in Hong Kong, Japan, South Korea and Thailand. Afterwards, we will provide payment and tax refund services to numerous number of shopping centers, duty free shops and department stores.Travelers will benefit from our cryptocurrency at merchants, travel agencies, airlines, airports and duty-free shops under the supervision of KRP and GCMC. To use the cryptocurrency, they will install our EBC wallet on their mobile phone.Travelers receive drawback in EBCoin using our EBC Wallet and they receive shipping document confirmation at an ATM in airports. At an ATM, the rest of money is exchanged in EBCoin.EBCoin stored in the EBC Wallet can be exchanged in the EBC exchange at anytime, anywhere and around departure.
