Mixing Crypto Investing With Traveling: How Jeremy Foo Built TripCandy

 As the COVID swept the globe, Jeremy Foo was trapped inside his room in Singapore. While contemplating his life in his apartment, he reminisced about the previous ventures he helped set up. Amidst all this, the entrepreneur in Foo had an epiphany.

He realized that people were waiting for the COVID wave to abate, just so they could go out and explore the world. But, Foo thought what if people could accentuate their earnings, whilst being a wanderlust.

It was this idea that forced him to sit down to figure out an action plan. What added value to this proposition was the fact that more and more people were adopting cryptocurrencies and looking for ways to invest in them. After much deliberation and brainstorming, Foo decided that he would combine these two aspects and create a startup around this idea. Thus, was born TripCandy, a crypto-based travel company. 

While building the startup, Foo realized that the crypto space was highly risky and, at the same, very complicated to invest in. To assuage this issue, Jeremy Foo whipped up the startup to bring something fresh to the travel industry, whilst tackling the barriers to the crypto investing.
 
Foo broke ground in March of 2021, when he founded TripCandy. In simple words, TripCandy allows users to book flights and hotels around the world with cryptocurrencies. In return, customers can also avail cashback and rewards in the form of cryptos.

While developing the platform, Foo realized that he had to work on three key aspects for the platform to stand out. Called FSS, TripCandy was conceptualized with making crypto Fun, Safe and Simple.

Speaking to the publication, Jeremy Foo said, "With TripCandy, we aim to make investing in crypto fun just like it is to book a ticket. Also, what we spend on traveling, we expect no return but just the experience. With TripCandy, a part of your spending is converted into crypto, which can later give manifold returns to you in the future."

Highlighting the 'Simple' aspect of the startup, Foo stated, "Tripcandy reduces the complex barrier of entry for people looking to enter the crypto space. They no longer need to handle the complex, technical and boring tasks of how to invest in crypto."

The startup has been built on the Binance Smart Chain and is already well scaled up to issue its very own $CANDY token.

What works in TripCandy’s favor is the wide array of payment options that are available on its platform from bank transfer to ewallet payment. This has opened the floodgates of customers for TripCandy from not just Asia but across the globe. To strengthen its position, TripCandy has also tied up platforms such as Booking.com, Agoda, and Expedia to offer better services and a larger choice of hotels to its customers.

Founded in 2021, TripCandy is the brainchild of Jeremy Foo. The startup has so far raised $1 Million from a global coterie of investors. The startup has also been recognised globally as one of the biggest crypto travel projects currently in the making. But, while it may seem all rosy now, the startup had to face considerable challenges. Recounting those, Foo said, "When we launched TripCandy, the entire crypto market was doing badly and the market volatility forced us to look for other avenues. We did not give up, rather we sat down and changed our market strategy to better adapt to the volatile market forces.

Jeremy Foo also appears to have big plans for the startup going forward. He says that he wants TripCandy to be recognised as the go to brand for traveling with crypto. He further underscores that he wants to ease the usage of cryptocurrencies for everyone across the world.

The boom in the crypto world has become synonymous with major cryptocurrency exchanges but it is startups like TripCandy that have pushed the envelope in every way possible. The push towards a larger Web3.0 experience by TripCandy is in line with its vision to become a key player based out of Singapore that makes global products. With more such products lined up, the future of the Jeremy Foo-led venture looks positive and set for growth.