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.
Locus Chain is a state of the art blockchain protocol that can maintain stable transaction time even if the number of nodes and transactions increase using Account Wise Transaction Chain (AWTC). Through the use of AWTC, Locus Chain is able to provide high transaction speed for every user in the eco-system and the network.