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WorldKoins

Make use of your leftover travel foreign currency

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A. ZEKERIA@aliouldzekeria
Hi Ben, sure the idea is to have many collectors at all airports around the world. ANY one can be a collector!
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John Krehbiel@john_krehbiel · Founder @ Cashout
Can you donate the money to a charity? I usually try to spend almost all of my cash when abroad, being able to give what is left over to a charity would be something I would do.
A. ZEKERIA
Maker
@aliouldzekeria
@john_krehbiel Definitely. Once you handover the leftover currency, All you have to do is login to your WORLDKOINS account and select one from the charity organizations list for donation.
Ben Tossell@bentossell · Community Lead, Product Hunt
@john_krehbiel recently, some flights I've been on mention that you can donate your spare currency to a charity they support... guess thats one option too Although, it's a charity of their choice
J Vouros@itsjv · 8x3 Technology
Well this is a good idea. People could land in a country and ensure they get a better rate. P2P Forex?
A. ZEKERIA
Maker
@aliouldzekeria
@itsjv As a collector, traveler even can get extra commission when he collects his destination's currency before traveling: many other travelers have been there before and brought came with some leftover foreign currency, Now instead of having this money in jars and drawers they can make use of it with WORLDKOINS...and the person who is 'traveling soon' saves on the exchange fees and get the extra commission.
Ben Tossell@bentossell · Community Lead, Product Hunt
I feel like a lot of people would only bother doing this if the collectors were at the airport. Not sure I'd go out of my way to exchange $25 dollars to a gift card if I had to make the effort to go to a collector.
Ben Tossell@bentossell · Community Lead, Product Hunt
Also, would airports be ok with people standing around ready to hound arrivals for their extra foreign currency? I'm sure there may be some obstacles there. For me, it's like those people on the street you do not want to speak to and put your head down to avoid. Especially after a flight haha
A. ZEKERIA
Maker
@aliouldzekeria
Hi Ben, Shops, coffee shops, restaurants and small business at the airports departure hall and duty free zones will be the collectors (they already work there at airports) and being collectors will help them make extra income (commissions): travelers will hand over their “local currency” to these collectors before leaving the country (these money will be foreign currency with much less value after flight). After flight, if travelers come home with foreign currency they can still hand over this money to a collector, this time the collector most likely is another traveler flying to that specific destination: traveler as a collector not ONLY save on exchange fees but he get paid a commission as well...
Ben Tossell@bentossell · Community Lead, Product Hunt
@aliouldzekeria would airport workers be allowed to do that though?
A. ZEKERIA
Maker
@aliouldzekeria
@bentossell Yes, why not? after all they are selling WORLDKOINS credit and being paid in their local currency.
Ben Tossell@bentossell · Community Lead, Product Hunt
@aliouldzekeria well I'm no pro in this field but someone who is working at a duty free shop in the airport is an employee of that company - they couldn't just be a collector and make money whilst on their shift. Worldkoins would have to have an agreement with the companies that operate in the airport.
A. ZEKERIA
Maker
@aliouldzekeria
@bentossell Yes. that's an option among others...
Ben Tossell@bentossell · Community Lead, Product Hunt
@aliouldzekeria yeah but I'm saying if you are hoping for the airport employees to be the collectors (as this is the optimal place to have collectors) then you'd have to have agreements with the airport/companies involved. Have you spoken to companies who operate in airports to see their thoughts? Could be completely possible that they may embrace something like this but I fear that without them on board then it will be a struggle to get users to go and find a collector to swap their currency. Also, what is the average amount of foreign currency left over after peoples travels? I always get really close and last time I left the US I had $20 left over. I've seen collection buckets in airports to drop any currency in for charity giving (mentioned by John below) and also collections on flights as you are landing, although you don't choose where the money goes.
A. ZEKERIA
Maker
@aliouldzekeria
@bentossell Yes you are right, we are looking for partners all around the world and the duty free companies and airports operators are on our top list. The average amount of leftover currency is around $25. As you pointed out with WORLDKOINS app you can choose where the money goes...
A. ZEKERIA
Maker
@aliouldzekeria
Hi all, I am the founder of WORLDKOINS and happy for all feedbacks and to answer any questions!
A. ZEKERIA
Maker
@aliouldzekeria
Hi Ben, sure the idea is to have many collectors at all airports around the world. ANY one can be a collector!