Travelflex 1400 Transaction/sec Partnered with AirBNB and others
Travelflex
A Cryptocurrency designed for the travel industry that delivers on security and high blockchain speed.
The new cryptocurrency of Travelflex (TRF) will end its ICO in 3 days and already has investors and travelers excited for its launch.
This upcoming currency has several usages but has set its sights on the travel industry, already securing the cooperation of several giants in the industry.
While Travelflex offers quality on many fronts, its high blockchain speed and power is its main hallmark. The currency delivers 1 block per second compared to 1 block per 10 minutes for bitcoin.
Compared to Bitcoin (3-4 tps) and Ethereum (20 tps) TRF handles 1200 to 1400 transactions per second, a performance that will increase with additional users. All of these high speed transactions are free of cost.
To give a better overview of Travelflex it is helpful to present the key features laid out by the team.
High speed worldwide with a proper block size (0.5 TRF per second)
A Travelflex card that is usable as a ATM/credit card
A decentralized and faster network through mobile nodes
Secure and decentralized peer to peer chat
Connectable to social media
Near Field Communication (NFC) to see other Travelflex users (it is possible to opt out of TRF`s social functions)
GPU Mining. ASIC resistant decentralized mining POW coin
Escrow service
Supports charities through mining
Full time support
Unique Travelflex cheques
Another aspect that adds to the future outlook and stability of this cryptocurrency is that the team is fully dedicated to prevent any form of "pump and dump" from occuring. The founders have no pre-mined TRF coins and there has been no pre-sale. The Whitepaper provided by Travelflex gives a detailed description of the project and helps by providing an overview.
As mentioned earlier Travelflex has secured cooperation from several large companies concerning card payments. Some of the companies that will accept travelflex cards are: airbnb, Emirates, British Airways and Hilton.
Regarding long term outlooks, Travelflex is planning to expand their team and services and has its sights set out for a longlasting and user-oriented cryptocurrency. Since TRF greatly reduces the high fees for currency conversions and solves the ATM issue by making it redundant, it has secured a service for its users that will not diminish over time. The same can be said for the escrow service and security. The escrow service freezes all coin payments until the traveler has arrived at the location and confirmed the payment, so a 100% refund is always possible. In terms of security less personal information will be required of the user since the financial aspect is covered by TRF.
The team behind Travelflex has 11 members from a diverse background, and has the credentials to ensure a smooth start.
Overall it can be said that Travelflex has the opportunity to make a big impact on the travel industry and that it`s set for the long run in the cryptosphere.