For those travelers who have accumulated some leftover foreign currencies from previous trips and are wondering what to do with it, WorldKoins is a mobile app that provides answer.
Before leaving the visited country, app users can locate a partner on the map within the app, drop-off their leftover currency and have the amount credited to their WorldKoins account. One's WorldKoins balance can be used to redeem product and online services such as iTunes cards, Google Play cards or the leftover foreign currency may be transferred to PayPal or donated for charity.
For the currencies one already has at home, it's not too late: there might be someone ready to accept it, check out the map on WorldKoins app.
Users can register as a WorldKoins partner, accept the currency of their next destination and get paid for that. To register as a partner one needs the partner app DropKoins. WorldKoins is also available in-flight on selected AirAsia flights.
Foreign Change-Converting Apps
'WorldKoins' Converts Leftover Currency from Travel to PayPal Money
Trend Themes
1. Mobile Currency Conversion - Opportunity to disrupt traditional currency exchange methods with a mobile app that allows users to convert leftover foreign currencies to PayPal or donate to charity.
2. Location-based Currency Exchange - Disruptive innovation potential in creating a mobile app that connects travelers with individuals or businesses willing to accept their leftover foreign currencies.
3. Currency Redemption for Digital Goods - Opportunity for innovation in creating a platform that allows users to redeem leftover foreign currencies for digital goods like iTunes or Google Play cards.
Industry Implications
1. Travel and Tourism - Disruptive innovation potential in the travel industry by providing a convenient solution for travelers to convert and utilize leftover foreign currency.
2. Financial Technology - Opportunity to disrupt traditional currency exchange services by offering a digital platform for converting and redeeming foreign currencies.
3. Mobile App Development - Potential for disruptive innovation in the development of mobile apps that facilitate currency conversion and redemption.