Travelflex is a start-up company that is linking the travel industry to blockchain. Travelflex coin (TRF) will be a DAG based coin at the end of 2018. By implementing DAG, Travelflex is aiming to solve the scalability issues that other coins are facing at the moment. DAG will make Travelflex one of the fastest cryptocurrencies at the moment, with around 1400 transactions per second (compared to 3 or 4 Bitcoin transactions per second).
Why would you need a cryptocurrency for traveling?
Most travelers know that if they want to go on a trip, they will need to bring some money with them. Some people will bring cash, others theirs credit or debit cards. However, it is possible to lose your cash or your cards, or worse, they can get stolen!
Furthermore, converting your fiat currency (cash) into the fiat currency of your destination, can be expensive. You will have to pay an exchange fee and the exchange rate is usually lower than the real time exchange rate. Paying with your debit card or using the ATM abroad will sometimes also result in high charges.
Paying with TRF will remove the high fees of currency conversions, because there will not be any exchanging fees or low exchange rates. You can not lose your TRF like cash money or your debit card. Your TRF will always be in your wallet, which can be accessed with your mobile application, desktop or online. They will be secured with your password and additional security measures.
When you pay with Travelflex, you can be certain your payment will be made securely and without high fees.
What are the features of Travelflex?
Travelflex will come with a mobile application, that has a few nice features. Your TRF wallet will be built-in to the application and you can add your friends and family to your friends list to make fast transaction possible. You will also be able to chat with your friends over the blockchain. A Near Field Communication function will be added, so you can see other TRF users around you and start chatting with them.
Travelflex can help you making payments, by functioning as an escrow. We will keep your payment and will only pay out the receiver once your products or services have been received.
Travelflex will have a webshop, with an extensive inventory. We will not only sell travel related items, but many other items. We will also enable others to put their items on our webshop. The webshop will accept TRF as a payment method.
Travelflex isn't just a cryptocurrency for travelers, but aims to be used for almost anything payment related.
