Weight of Expense
The travel business has long been held down by high expense. With hotel expenses and plane tickets, many travelers are on tight budgets when planning their vacation. Travel agencies can charge up to 1000 USD for consultation on trip planning along with other small fees. This mass of extra fees make tourists reluctant to spend money in the areas they visit, reducing economic growth within the travel industry. Fees are putting a strain on profits of tourist hotspots, reducing overall ticket sales and consumer happiness. Travel agencies start looking to profit off of the fees they charge rather than using fees to cover the cost of their services. While the extra layer of profiting may look delicious for major agencies, these extra costs can shrink their customer base. Extra fees and over-the-top charges make consumers reluctant to support businesses that overcharge.
Exploring Explore Coin
With the rise of popularity in Cryptocurrencies over the last two years, many people are using these coins for transactions and investments. There hasn’t been a large market for them outside of these uses, except in recent news. A new Cryptocurrency set to launch on the 28th of September named, “Explore Coin”, seeks to help eliminate extra costs and fees by modernizing the travel business with their coins.
A traveler can buy “Explore Coins” before their trip and turn their coins into cash without currency exchange fees. If tourists use this coin during their trip, they will have a secure source of money anywhere they go, bypassing credit card scams and hidden fees. With “Explore Coin” travel can become accessible for more people and usher in a new wave of customers for the travel industry. Time will only tell what cryptocurrency has to offer travel.
Bryce Seeger