The Lotus Token (Ticker: LTO) aims to provide blockchainbased travel related transactions. These will start off with airline or hotel bookings, then eventually expand to include tour packages, cruises, vehicle rentals, and other travel and tour activities.
The system will be backed by an LTO Card that users can top-up and use to pay for services. Transactions will be done using the Ethereum Blockchain, which in turn will minimize the corresponding fees that are otherwise charged by thirdparty payment processors. Foreign currencies could also be exchanged to and from Lotus Tokens and saved on a consumer’s LTO wallet for use on the next travel-related activity, or as a means of avoiding costly conversion fees provided by high street travel agencies.
Quarter 1, 2019
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