A tax refund, in the context of our project, is referring to a refund of a percentage of the tax charged to a tourist for a purchase they made in another country while traveling abroad.
There are currently 34 countries offering tax free shopping incentives, of which 28 are from Europe. These include the United Kingdom, France and Italy, all of which rank at the top of the Tourism Competitiveness Index (TTCI).
Improves all stages of the inconvenient refund process
By digitizing the entire refund process, there will be no need to keep paper receipts and there will be no need to wait in long lines at the airport to request a tax refund.
100% of the refund is paid to the consumer
By reducing excessive costs associated with current refund systems, our platform will let travelers receive 100% of the refund amount owed to them.
A convenient and fast currency exchange
EBCoin tokens received for a tax refund can be withdrawn at airport ATM kiosks in the local currency of the country you are visiting. Alternatively, EBC tokens can be converted into other cryptocurrencies, like Bitcoin and Ether by using the handy EBCoin App.