New Horizons for Crypto-Market
The globe is being flooded with cryptocurrencies, more than 1000 are in existence today, and the number keeps growing along with the investments made with them. Cryptocurrencies, like Bitcoin and Ethereum, are becoming famous from people making riches off of them. These electronic currencies make news daily from the success they create and the negative coverage that they get. Some of the biggest celebrities and businessmen are throwing their earnings for the high reward that these currencies hold. One thing that is lacking within the cryptocurrency market however is diversity. Many currencies are just used to trade for money, or have a few uses of purchasing small goods and services. The cryptocurrency market is missing a strong backbone to promote not only the sales of electronic currency, but a better use for cryptocurrency as a whole. Without generic usages for these currencies, it makes cryptocurrency look more like stocks rather than a usable form of money. This misconception is where most of the negative conversation about cryptocurrency comes from. Why spend money on something you can’t use and hope to make money off of them? Many people write off cryptocurrencies, even ones as reputable as Bitcoin, as a total scam So what happens when a company develops a cryptocurrency to be used worldwide that is backed by major corporations, creating a large new market for themselves? A new cryptocurrency called Explore Coin wants to shake up the tourist industry, redesigning how people travel entirely.
Explore Coin’s Vision
From Explore Coin’s very own white paper, Explore Coin, “...aims to provide travelers with a single currency that is easy to use worldwide, making traveler experiences less stressful and much more enjoyable. Then by utilizing our other projects, we seek to create a streamlined and simplified full travel experience.” Their mission is to make as many improvements to the travel industry as they can by using their cryptocurrency, Explore Coin. Essentially, Explore Coin is partnering with companies that will allow the use of their coin to pay for goods and services. They plan to slowly expand from Asia and Europe, gaining more and more partners along the way. Along with their cryptocurrency, Explore Coin has been designing applications for Explore Coin users to make traveling easier, simpler and safer. Their focus is also on decentralizing the tourism industry, bring modern technology to travelers, and make the tourism industry eco-friendlier.
Why Explore Coin has a Voice in the Travel Market
In Explore Coin’s white paper, they break down some some existing problems in the travel industry that they claim Explore Coin will fix. Their projected coin alone can't-do anything, but their innovative plans that their cryptocurrency ties together makes for an interesting sales-pitch. Explore Coin wants to eliminate some of the risks of carrying cash and cards in foreign countries by allowing their cryptocurrency to be used. They also want to remove having to deal with a foreign country’s exchange fee to be able to use money in a different part of the world. Alongside these uses for their coin, Explore Coin wants to promote their partners and usage of their coin by launching applications with some helpful uses. One application is TravlrFeed, which allows searches a broad spectrum of booking sites finding the best deals without all the hassle in just moments for the user. Explore Coin also wants to produce an application that allows for the download of maps with large amounts of information to aid users going out of cell and wireless range. This app is in hope to reduce the amount of people who get lost in unknown areas and save people time when dealing with unreliable signals. Explore Coin along with the apps being introduced could definitely bring some quality of life improvements to the current way traveling is organized. Explore Coin is also concerned with environmental issues and the role tourism plays within them. Explore Coin says they are partnering with eco-friendly companies in order to sustain popular areas’ famous scenery and landmarks. Explore Coin makes clear their goals are not only for short term improvements, but to be a long term staple and aide for the tourist industry. Explore Coin is looking to install their own kiosks in international airports to support their applications and exchange currency. Explore Coin’s claims definitely boast their determination to make a global currency that is viable for the travel market.
Team and Partners
Explore Coin’s team looks very diverse, they range from some fresh faces to high profile members that all have their own unique specialization for creating their coin. Some of their most notable members are Ankit Lal their marketing director (Consultant with Aam Aadmi Party), Sreekanth Kocharlakota as Explore Coin’s cybersecurity chief (ex-NASDAQ technology architect), and Dilnawaz Pasha their Media Advisor (Multimedia producer for BBC). Along with their team, Explore Coin has some interesting partners, mainly from Europe and Asian countries, that are already on board for integrating Explore Coin into their companies. Eco-friendly companies like Ecobnb are already supporting Explore Coin on their sustainability mission.
Strength in Potential
Explore Coin is looking at a vast potential market for partners and usages within the travel industry. If Explore Coin can make deals with large booking and travel agencies after proving their worth, they could be the new face of travel. With the popularity of cryptocurrency skyrocketing instead of centralized government currency, Explore Coin could be the next big cryptocurrency. With a large range of uses for the coin, the coin’s market will constantly be used, and have low risk of the currency losing large amounts of value. Explore Coin’s potential is it’s most attractive trait. If Explore Coin can live up to their white paper, there will be a global shift in how travel is done.
