Ariva (ARV) is a cryptocurrency designed for tourists and tourism. To explain, they intend Ariva (ARV) as a cryptocurrency travelers and travel businesses can use to make payments without expensive money transfers or banks.
For example, an American tourist in Thailand could pay for her hotel room without converting dollars into Bahts. Similarly an American travel agency could pay for tours in Peru without wiring payment to a Peruvian tour operator.
Wire transfers are expensive. Nerdwallet estimates the average international incoming wire transfer fee in the USA in October 2021 was $49. Hence, it could cost $49 for an American travel agent to book rooms or tours in Peru. If an American travel agent has to send several wires to Peru he could pay several $49 fees just to arrange a tour.
So What is Arivia (ARV)?
Ariva (ARV) is a BEP20 cryptocurrency built by the Ariva Company. They built Ariva on the Binance Smart Chain Network.
ARV is the token for Ariva’s blockchain payment system. The key to the Ariva payment system is the development of the Ariva (ARV) token and wallet.
The hope at Ariva is to build a portal where people can convert fiat currency into ARV. The users will then use the ARV to pay for hotel rooms, rental cars, tours, and other travel-related expenses through the portal.
Ariva is planning a point-of-sale (POS) machine system that could allow travelers to pay with ARV at hotels, rental car agencies, and other businesses. One advantage to this system is that people will not have to convert fiat currencies into cash to pay bills.
Carrying cash in some countries can put travelers at risk for crime and shakedowns by corrupt officials. Ariva could also spare travelers the expense and hassle of converting foreign cash to their local currency when they get home.
Ariva Solutions
The Ariva Ecosystem will offer several platforms and solutions for the travel industry. Those solutions include:
Ariva.World is a Global Travel & Tourism platform that includes a decentralized travel tourism portal built in the blockchain. Fundamentally, Ariva.World is a travel and tourism network that connects travelers with businesses.
One advantage to Ariva.World is that travelers could pay for travel services with cryptocurrency on it. Ariva.World will contain an online shop, a business dashboard, and facility and services listings.
Ariva.Finance is a series of online payment gateways built with blockchain technology. The Ariva.Finance solutions could include crypto wallets and Application Programming Interfaces (APIs). Ariva.Finance will offer QR code payment.
Ariva.Club will be a social media platform for travelers and travel industry professionals. It will include reviews and promotions similar to Yelp. Ariva.Club could offer ARV awards for reviews and use AI to filter out fake reviews.
They launched Ariva (ARV) on PankeSwap in the third quarter of 2021. The Ariva.World projects are under development. They plan to launch the beta version of Ariva.World and start developing Ariva.Finance in the fourth quarter of 2021.
They hope to launch the Ariva.World and Ariva.Finance and build the Ariva blockchain in the fourth quarter of 2022. They plan to launch the alpha version of Ariva.World and the Ariva app. They hope to launch the Beta version of Ariva.Finance in the first quarter of 2022.
Can Ariva Make Money?
Global tourism is an enormous business. Statista estimates the size of the global tourism market at $1.3111 trillion in 2021.
The global tourism market fell form a high of $1.868 trillion in 2019 because of the COVID-19 pandemic. Notably, the global tourism market was worth $1.095 trillion in the pandemic year of 2020.
Hence, Ariva is targeting a lucrative market that is growing. Between 2011 and 2019, Global tourism grew from $1.504 trillion to $1.868 trillion. So yes, Ariva operates in a growing market that could be pandemic proof.
What Value Does Ariva (ARV) Have?
Mr. Market has enormous interest in Ariva. For example, CoinMarketCap named Ariva (ARV) the most trending cryptocurrency on 25 October 2021.
In contrast, CoinMarketCap named Ariva (ARV) the 628th most valuable cryptocurrency on 25 October 2021. CoinMarketCap estimated Ariva had a Coin Price of $0.0007783 a Market Capitalization of $77.83 million, a Fully Diluted Market Cap of $39.72 million, and a $8.760 million 24-Hour Market Volume. They based those numbers on a Circulating Supply of 51.03 billion ARV, a Maximum Supply of 100 billion ARV and a Total Supply of 100 billion ARV
CoinMarketCap based those numbers on a Coin Price of $0.0009631.
Ariva’s website claimed there 57,655 Ariva (ARV) holders who had made 384,301 Ariva transfers on 25 October 2021.
In contrast, CoinBase gave Ariva (ARV) a Coin Price of $0.000783, a Market Cap of $40 million, and a 24-Hour Market Volume of $8.5 million on 26 October 2021. They base those numbers on a Circulating Supply of 51.0 billion ARV.
I think Ariva (ARV) is an interesting cryptocurrency built for an enormous business. However, I see no evidence Ariva is making money. I advise speculators to wait and see if Ariva’s platforms work before buying it. I think there could be a market for Ariva but I also think it will take years for Ariva to develop into a lucrative business.
Originally published at https://marketmadhouse.com on October 27, 2021.
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