Because better is to see something once than to hear about it a thousand times, here is a video about the new cryptocurrency DutyCoin - a blockchain revolution on the duty-free market and travel industry:
DutyCoin (DTC) Token preslae ICO is LIVE now! Participate at https://www.dutyex.com/
WHY USE DUTYCOIN?
In 2016, duty free/travel retail sales amounted to about 63.6 billion U.S. dollars. Travel retail includes all sales made in shops located in duty free areas or any areas dedicated to travelers. By 2020, duty free and retail sales are expected to reach about 85 billion U.S. dollars.
The world's largest airport by duty-free sales is South Korea's Incheon Airport, with US$1.85 billion in 2016, narrowly overtaking Dubai Duty Free with 2016 sales of $1.82 billion.
The International Air Transport Association (IATA) expects 7.2 billion passengers to travel in 2035, a near doubling of the 3.8 billion air travelers in 2016.
Furthermore, according to IATA's Global Passenger Survey, passengers want technology to give them more control over their travel experience, including more efficient security, less spending additional fees, and they are ready to go digital.
To this environment, DutyCoin blockchain-based ecosystem brings following solutions:
- withdrawal of pointless fees travelers have to pay on the physical duty-free markets and online too (specially by credit cards)
- almost zero cost service in comparison with traditional service providers
- no foreign exchange fees
- no unwanted surveillance over your international payments
- higher level of information security than provided by any travel/airline industry all over the world
- privacy with zero chance of data theft
- faster transaction times achieved by cutting off banks and related delays in payments confirmation
potential for airline industry, such as data logging, 3rd party suppliers, various airport services
