The EBCoin ecosystem will revolutionize the tax-free/tourist tax rebate market, which is expected to create a value of US$60 billion per year. EBCoin will be standardized on the Ethereum blockchain as an ERC20 token and complement a complete e-wallet solution. Through the EBCoin platform, consumers will receive an immediate refund and use the proceeds as digital currency. With EBCoin, tax refunds will be transparent, increasing the efficiency of tax authorities. For retailers, EBCoin will significantly reduce the high costs associated with the inefficient systems currently in use. It will also help facilitate higher spending by tourists at participating duty-free retailers, where consumers can pay using their EBCoin wallets as an optional payment method.

Project Highlights

Fast and convenient tax refund process
No longer need to take the tax refund form, no longer need to queue at the tax refund counter at the airport, you can directly use the EBC wallet for tax refund.
100% Tax Refund
Reduce unreasonable steps in the current tax refund process and refund 100% of the tax amount to shoppers.
Fast and convenient foreign currency exchange
Use the tax refund machines installed at airports all over the world to refund taxes, and you can directly convert the tax refund into your own national currency.
Pay with EBC wallet anytime, anywhere
As long as you have an EBC wallet, you can pay conveniently anytime, anywhere when traveling around the world.

Project income method

Tax rebates do not generate income, we focus on token technology. Part of the income will be generated through payment, exchange and exchange of cryptocurrencies. The proceeds will be used to invest in technology development, infrastructure construction and marketing of the EBC project. As the number of EBC users increases, the demand will increase, and the market value of EBC will also increase at the same time. EBC FOUNDATION will fund business development through ICO and sale of remaining holdings. If we need more capital investment, we can raise funds by charging a certain EBC transaction fee.
Our income does not come from tax rebates but is concentrated in token technology. Our main income comes from payment, foreign currency exchange and exchange transactions. In order to make the EBC project more dynamic, we will invest funds in technology development, basic investment and marketing. As the use value of EBC increases, the market value of EBC will also increase. EBC will continue to invest in EBC projects through ICO financing and sales of EBC held by the company. If funds are needed to develop the project, we will charge traders an EBC transaction fee.

What are the benefits of merchants

For merchants, the checkout portion of existing tax refund companies will be automated. In addition, it can reduce consumer complaints about tax refund handling fees during tax refund. Merchants provide tax refund services to tourists. If tourists often ask for EBC tax refund, merchants will naturally use EBC. However, in order to rapidly expand the market at the beginning of the business, it is very necessary to provide promotional support for merchants.

*The above content is organized by YouToCoin official. If reprinted, please indicate the source.