Okay I think this concept is really new for me and I have not read about anything like this before, the tax refunds on the journey. It seems that this is based on the reimbursement process of taxes when you use the money for leisure. Its good idea that we can use it in the over 34 countries but Im having little doubt and hope team would respond to this. The procedure for this is to use the app or my EB address in the country ATM where I am and then get the funds back. But have you guys actually implemented the ATM thing all over or do we still need to get approvals from the regional bodies. The legal thing now a days is getting very strict in every country, and when EB will operate in different countries then dont you think that we will need a representative in each country where your services will be available?
If you take a look at the roadmap on the website, you will see that the ATM implementation is something that is part of the long term plan for the project. At the moment it is scheduled for Q3, Q4 2019. That is a realistic timeframe considering how large of a task it will be.
Gaining approval for placing ATMs in Airports or opening a Kiosk is not an uncommon request made to Airport authorities. The space will be leased via the same process as other retailers, vendors, banks and service kiosks who already operate at airports around the world.
EBCoin will also be leveraging relationships and partnerships with existing Foreign Exchange Kiosk operators in other countries, as well as payment gateway providers. These partnerships will make it a lot easier to get any needed local authorizations for offering EBCoin as a truly global solution. There will be great financial incentive for these providers to partner with EBCoin, as it will increase their transaction volume significantly.