The EBCoin ecosystem will revolutionize the duty free/tourism tax refund market, currently
estimated to be valued at $60 billion a year. EBCoin will function as an ERC20 token, standardized on
the Ethereum blockchain and will be complemented by a complete eWallet solution. By using the
EBCoin platform, consumers will receive their refunds instantly and can use the proceeds as a digital
currency. With EBCoin, tax refunds will be transparent, resulting in greater efficiencies for tax
authorities. For retailers, EBCoin will significantly reduce the high costs associated with the
inefficient systems presently being used. It will also help promote higher spending by tourists at
participating duty-free retailers, where consumers will be able to present payment using their
EBCoin wallet as an optional payment method.
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