EBCoin will leverage blockchain technology to eliminate the hassle and high fees associated with tax refunds for international travelers and merchants alike. The EBCoin Wallet app will enable instant tax refunds, without having to wait in long lines at the airport or needing to hold on to paper receipts. Travelers will get 100% of their refund in EBC token, which will be instantly redeemable for additional duty-free purchases, or can be exchanged for their preffered currency at numerous ATMs in all major airports.
The project is backed by KR Partners, who have had 10 years of success with their global payment gateway solutions provided through their EximBay brand. With their long track record, the team will be able to leverage multiple existing and new partnerships, including emerging blockchain based projects, to further expand their network for providing instant tax refunds. Their geographic location further has them well situated to enter the largest tourism tax refund market, Asia, begining with Korea, Hong Kong and Vietnam. EBCoin currently has no competing projects with a similar concept in the blockchain space.
15% EBC Foundation
1 ETH = 24,150 EBC
Hardcap: 35,000 ETH