TravelCoin payment system

Global PAYMENT SYSTEM based on blockchain technology

TravelCoin – payment system based on blockchain technology. It is the answer to fundamental coordination problems amongst payment processes and financial relationships in the tourism business sector. By enabling decentralized exchange currency and user-friendly wallet, TravelCoin will provide a next-generation value transfer service across national borders operating between touristic companies, tour operators, hotels, reservation systems, etc.

The TravelCoin payment system will consist of digital TC-wallet (wallet with exchange and messenger functions) and two cryptocurrencies – token TravelCoin (TC, Proof-of-Staked-authority consensus) and TravelCoin cryptocurrency (TCC, Proof-of-Stake consensus). Both coins have their own advantages, both coins will be equivalent in the system.

Through the TravelCoin payment system, anyone will be able easily to conduct financial transactions in a completely decentralized and inexpensive way, network allows millions of people to transition from using fiat money to using decentralized currency which will make the world better.

One of the heaviest challenges for most blockchain projects is connecting the technology to real customers. We have «DMCsearch» project (https://dmcsearch.com) – the world’s largest union of destination management and travel companies. The implementation of the TravelCoin payment system will begin with implementation system among members of the «DMCsearch» project and then will expand to the rest of the world.

We are a team of developers, engineers, problem solvers, economist and early adopters working round the clock to build a sustainable crypto economy. We think, design, test and go to market.

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Fundamental problems that TravelCoin blockchain currency solves

Large commissions

Banks tend to charge a high fee for each transaction, plus an extra administration charge. Commission for international payments is generally about 50$ + % of transfer amount, it is a real problem for small payments and micropayments don't work. In the TravelCoin payment system you choose the сommission for the payment. You can control how large a fee to pay when spending. It is up to zero if it is not an urgent payment and small fee applicable if you have urgent payment.

Limited banking hours

It is impossible to make bank transfer on weekend and holidays. International payments and transfers to or from foreign currency accounts can only be fully authorized between the hours of 7.00am to 7.00pm on workdays. Outside of these hours, payments and transfers only can be loaded in preparation for authorization. This problem is of particular relevance in the tourism business sector as working days are different in many countries of the world. In the TravelCoin system payment can be made at any time, it works on weekends and holidays 24/7.

Difficulties with correspondent banks regulation

All International payments are made via intermediate correspondent banks. Through correspondent banking relationships, local banks can access financial services in different jurisdictions worldwide and provide cross-border payment services to their customers. Correspondent banks may delay and request additional information about payments, cancel payments, may send payments for checking the legality, may arrest – all this requires additional time and creates additional difficulties. Payment via TravelCoin payment system cannot be stopped, arrested and sent for review.

Too long payment process

International payment process average taking 1-2-3 or more business days (it depends on the country), this process is too long and creates problems when it is impossible to make an urgent payment. When using the TravelCoin, international payments are made almost instantly.

The payment process could be easier

In the TravelCoin payment system, there are no invoices, no bank account and no fees, no need for special payment equipment. There is only a simple and comfortable in using digital TC-wallet.

Currency conversion

International payments between countries are only possible through the use of one of the reserve currencies. This means, if you want to send money from Brazil to Australia, bank will convert Brazilian Real to one of the reserve currencies (for example to USD), make money transfer in USD to Australia and then convert to Australian Dollar. Currency conversion fees depends on currency exchange cross-rate and it could reach up to 3.5% of sending amount. There is no currency conversion in the TravelCoin payment system, you can send TravelCoin directly to anyone to any country.

we believe in future

we believe in travelcoin payment system

The future of the travel industry

There is no doubt that payments landscape of tomorrow will look very different to how it does today and that the outdated payment models of yesterday will be replaced by newer, more efficient models.

We are more than 25 years in the tourism business industry, we know the financial services market inside and out, we know these problems of international payments and difficulties in working with the current financial system. We believe many problems can be solved via new generation trading tools that will give us all the opportunity to do payments without having to go through traditional banks, institutions and card networks.

In 2008, an innovative blockchain technology was invented and years later it can already be said that the technology is working and has developed into one of today’s biggest ground-breaking technologies with potential to impact in every industry from financial, voting, insurance to manufacturing, transportation, educational institutions, healthcare, contract management, etc.

Nowadays we have technologies that give us an opportunity to solve wide range problems and difficulties. This is where the TravelCoin payment system can solve the fundamental issue of coordination amongst financial services in the travel & tourism industry.

Our dream, task and life goal are to bring blockchain technology to the travel & tourism industry and make the world easier and more convenient. We have a great team and our team knows where to start, how to the implement technology and in what direction to move.

Benefits of using the travelcoin:

Payments with less commission
Much faster money transfer than traditional banking system
TravelCoin payment system is free
Works everywhere and anytime
Decentralized system, no central authority
The simplest of all payment systems
Additional profit via PoS mining
No correspondent banks regulation
No currency conversion
Less document flow
No problem of payments that are later reversed
TravelCoin is a financial instrument for trading on exchanges
Impossible to block or arrest your account

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