Decentralizing the Travel Agent Business Model Using Crypto

Cool Cousin Crypto

The travel agent business model is a strange one for the newer millennial and Gen-Z audience. They are used to doing everything by themselves on the internet. Travel agents, to this generation, sounds really anarchic. Why would they need one?

Actually, there are many advantages of having a travel agent arrange your trip. They know more about the local on the ground conditions to where you’re traveling better than you. It is true that services like TripAdvisor and AirBnB are second nature to the younger generations. Still, in a new city, especially a new country, there are enough differences than someone more experienced than just reading words online can provide better on-the-ground intelligence towards local norms, traditions, and customs.

The newer generations then have a dilemma. They never really feel the need for a travel agent, since they are happy using the online tools that they have. However, it would still be nice to have the ability of a travel agent when it comes to on-ground intelligence.

Enter Cool Cousin

Cool Cousin is a new take on the travel agent market. Why go to a boring stodgy travel agent when you can find a cheery next door neighbor when you visit? That’s the premise of Cool Cousin. Instead of going to a brick and mortar agent and get charged a lot of fees, how about just connect people locally in the area with visitors? Thus the name – it is like having a cool cousin living in the city you visit!

The idea of Cool Cousin is a natural extension of the ‘sharing economy’ that became popular in the US and elsewhere after the financial crash of 2008-09. This period gave us companies like Airbnb and Uber that brought together two sides of a marketplace on a single platform. The users have complete freedom and flexibility of work, including whether to accept a gig or when to be available for one.

Peer to Peer Meets Crypto

Cool Cousin is already an app that is for the peer to peer economy, and is being used today. Therefore the company already has a big set of users that use the platform today for finding that perfect peer to peer travel agent on the ground in their travel market.

Imagine, however, how much move powerful this can be if it also incorporates a crypto token for payments. In fact, the token lets you do much more, and in a way ‘drives’ the users of the platform towards certain tasks. The token is also used to incentivize user behavior.

With the rise of crypto, it is only natural to see the ‘sharing’ economy mix with peer to peer currencies, i.e. cryptocurrencies. We are seeing a rise in number of tokens that facilitate such behavior and allow platforms to scale.

Cool Cousin is, in a nutshell, using crypto to advance the usage in the travel industry.

If you’re interested in learning more, make sure to check out the website and read the whitepaper. It also has a token sale, but please note that investing in token sales in extremely risky and you can lose all your money. Never invest even a penny more than you can afford to lose.

Photo Credit: PictureKat

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