The travel industry is one of the world’s largest industries, with steady growth every year. In 1995, about 520 million people travelled internationally. 20 years later, in 2015, this number had grown to 1,065 million people. The travel industry provides employment to more than 292 million people, which accounts for 10.2% of worldwide employment.
Travelers first paid with cash, then there were travelers cheques, and eventually there were payment cards to make financing your trip easier. With the development of better modes of transport and the invention of the airplane, reaching the other side of the world has become even easier.
Travelling has evolved in the past years, however, we at TravelFlex believe we can take it to a higher level. TravelFlex wants to connect the travel industry to blockchain, to make travel financially cheaper and more secure. When you pay with TravelFlex coins (TRF), you don’t have to worry about paying high fees for exchanging cash money, using the ATM or your credit card.
Your TRF can not be lost or stolen, unlike the cash money or your credit cards you are carrying to your destination. You will never have any problems with the ATM not accepting your debit card or even swallowing your card. TravelFlex will come with its very own physical card that can be used at ATMs.
Furthermore, we want to install special TravelFlex ATMs at major travel hubs, so you can print your TRF like travelers cheques and scan your cheques at our ATMs. The printed coins only work with your own pincode, so even if you lose your print-out, no worries, no one else can use your cheques.