Creating Fiat-backed stable coin for travelers could access the P2P payment process across the world. Explore how we focused to create the USD pegged stablecoins for travellers under immutable blockchain technology.
Overview
The context of the project is the development of a token for the traveler so that they can travel ease without paying their hard-earned money to the intermediates.
Problem
The major problem for travelers is the currency conversion for different countries and they need to carry in hand, so it has many concerns about carrying and changing it to every country. As the conversion is also volatile day by day so there seems to be no stability. As well now the people are using digital cards for the transaction for that too we need to pay the commissions to the centralized party who are maintaining it. Several cryptocurrencies came into the existence for solving this problem but since they possessed the solution for the peer to peer transaction with less commission but their volatility remains the main concern
Explore here - https://www.developcoins.com/case-studies/fiat-backed-stable-coin-for-travellers
