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In this interview, Biman Das, founder and director, BitRecharge, elaborates about the technology solution that makes travelling simpler, easier and cheaper by Khusnuma Parween.
WHAT WAS THE RATIONALE BEHIND INTRODUCING BITRECHARGE? HOW HAS BEEN YOUR JOURNEY SO FAR?
Blockchain technology has seen exponential growth in 2017. It has worked wonderfully well, especially for industries like travel and tourism which has a size of USD 4 billion yearly. Seeing the huge opportunity lying head, Even Fintech Solutions implemented for the first time a single platform called ‘BitRecharge’ where users can book hotels, flights and holidays internationally with the best pricing available in the market using fiat currency & blockchain technology. It is definitely one-of-its-kind.
Users can avail both national & international flight tickets and hotel bookings using blockchain technology in addition to traditional fiat currency through conventional banking and payment channels. We propose to add more currencies in the future.
WHO IS YOUR TARGET AUDIENCE?
BitRecharge being the first in the market has a target for Q2 2019 to serve more than 1.2 million people for its various services, which implies attracting roughly 5.45% of blockchain technology users across the globe.
WHAT PRODUCTS AND SERVICES DO YOU OFFER? WHAT IS THE PRICING?
BitRecharge offers online hotel reservations, flight ticketing and holidays with e-icketing system where tickets are delivered to users’ email. BitRecharge compares over hundreds of websites for the bes pricing for its platform and the prices shown during booking are final and inclusive of all taxes so that you only pay what you see. There are no hidden charges.
HOW MANY CUSTOMERS DO YOU SERVE MONTHLY?
Currently BitRecharge serves over 10,000 users monthly. In August 2018 we served 13,870 users.
WHAT’S YOUR OPINION ON FRANCHISING AS A MODEL FOR EXPANSION?
Most of the international brands have spread their wings through franchising. BitRecharge welcomes franchising partners who are involvedin the travel or blockchain technology industry.
WHAT’S YOUR CURRENT PRESENCE & EXPANSION PLANS?
BitRecharge blockchain community is supported by over 47,000 active members in over 15 countries, majorly in Asia. The plan is to expand globally with the use of search engines & social media & create an impact in every traveller’s mind. It is expanding its collaboration with different blockchain technologies and users to connect through our franchisees.