EBCoin will leverage blockchain technology to eliminate the hassle and high fees associated with tax refunds for international travelers and merchants alike. The EBCoin Wallet app will enable instant tax refunds, without having to wait in long lines at the airport or needing to hold on to paper receipts. Travelers will get 100% of their refund in EBC token, which will be instantly redeemable for additional duty-free purchases, or can be exchanged for their preffered currency at numerous ATMs in all major airports.
The Beetle coin is an open source decentralized cryptocurrency which provides instant and low fees transactions all around the world through the Beetlecoin network. Anyone can participate in the operation of Beetle coin network by either allocating computing power in mining or staking the coins. On average, Beetle coin block network requires two minutes to generate a new block, and all transactions are carried out over the internet, unlike fiat money transactions which require intermediary financial institutions or banks.