We will review a decentralized social travel network called Travelflex today.
What Is TravelFlex?
Travelflex is a blockchain company which has decided to enter into the travel industry to provide for its users a decentralized solution for people who need to travel and wants to have a reliable cryptocurrency option.
The company believes in the trend that the travel industry is going to continuously improve the ways that people can pay for goods and services outside of their countries. With the evolution of traveling, people stopped to use cash and started to use traveler cheques, then credit cards and they will eventually start to use cryptocurrencies. The company wants to be a part of this chance for the better.
Travelflex intends to solve the scalability issues of other cryptocurrencies by using a new algorithm based in the DAG technology. With the speed of 1 block per second, Travelflex will be a proof of work currency.
While Bitcoin can make 3 to 4 transactions per second, Ethereum can do 20 and Paypal can get to even 193, Travelflex claims that its network will be able to process 1200 to 1400 transactions per second, which is almost unbelievable.
TravelFlex Social Travel Crypto Payment Network Features
Aside from traveling, you will be able to use Travelflex tokens for anything that you wish. The company’s platform is mainly focused on traveling, but the cryptocurrencies will be independent and you will be able to use them to buy whatever you want.
This company has very fast transactions, a direct channel for 24/7 support on its platform (which is decentralized and the company states that it is 100% secure). It uses mobile nodes and a ASIC resistant mining proof of work system.
Also, by using this company, you can use its escrow service, the physical Travelflex card which you can use as a debit card or to take money at ATMs. You can mine your own cryptocurrency and does not need an external wallet (unless you want to) because the company will offer you one.
You can chat and add friends on the platform and even find these people when you are traveling around the world using the near field communication system developed by the company.
Who Is Behind TravelFlex?
Travelflex is run by Peter Hoogslag (CEO), which was the founder of the company. He has been involved with cryptocurrency since 2009 and has been mining Bitcoin since 2011 and is a cryptocurrency expert. Bing Hayashi is the head of engineering with a background in back-end software and blockchain technology.
The finances are managed by Marcel Hoogslag, an expert in managing the financial assets of pharmaceutical companies all over the world. Yosui Kitahara is the core developer and leads the development team.
The company is also looking for employees at this time, so contact them if you might be interested in the jobs of software engineer of CryptoPayments, senior staff accountant, senior program manager, product manager of cyber security and office manager.
TravelFlex TRF Conclusion
There are many cryptocurrency companies focused on the travel industry, but Travelflex have done its homework and it seems like an attractive company because it has an experienced team and is very fast. With 1200 to 1400 transactions per second, this can become a big player in the cryptocurrency market, so it worthy of paying some attention.