In the age of digitization and decentralization, the travel and hospitality business does not appear as it should. While the blockchain ecosystem is expanding, the tourist sector is missing out on the benefits of decentralization. The PaynetCoin project and the PAYN tokens that go with it are the world’s first ecosystem to leverage blockchain technology to deliver an international reward system that is open to all hospitality service providers worldwide.
PAYN tokens are utilized as an incentive in the tourist sector, assisting hospitality organizations in attracting new clients and lowering platform costs to zero.
How can we solve this problem?
Financial institutions may grow into new markets across the world and even remove pre-funding by utilizing the power through PaynetCoin’s On-Demand Liquidity service, which uses the most modern blockchain technology for worldwide payments.
Tourism and hospitality management faces challenges in executing marketing strategies that will attract and keep clients due to a lack of adaptation to new technology and hefty costs on booking systems. We’ve recognized actual challenges in the administration of small and medium tourist firms, and we’ll tackle the most pressing of them by utilizing the PAYN token and the FMCPAY Exchange.
Objective is to have at least 4.000 tourism enterprises.
The quantity of complementary PAYN tokens available to hotels will be limited to 5% of the total number of PAYN tokens available.
PayNet Coin is an on-demand liquidity service.
PayNet on FMCPAY Exchange
The hospitality industry attracts clients through a reward system and uses the Paynet ecosystem to lower booking costs to zero, which may amount to up to 35 percent of the room rate on different hotel booking platforms.
Tourists may spend their PAYN tokens anywhere in the globe at partner places for different hospitality services such as discounts on lodging, visits to the SPA, food and beverage, and so on.
PAYN tokens enable clients and service providers in the tourist sector with all of the benefits of blockchain technology and more.
It would be sold on many exchanges as a BEP-20 Binance Smart Chain token, and it would readily accommodate the newest developments in blockchain technology.
PAYN tokens may be stored in the FMCPAY wallet, which has no fees, as well as other electronic wallets like Trust Wallet and hard wallets like Ledger.
Paynet Coin is a digital wallet for each Fiat currency and a mechanism for depositing/withdrawing to those digital wallets via bank or debit/credit card (in each country whose currency is supported by Paynet Coin system), users & businesses can also receive, transfer for fiat currency from other users & businesses around the world.