Frequent travelers know how tedious currency exchange can be. In recent years the process has become easier as more people travel with cryptocurrency. Hoard is a new mobile wallet designed to convert cryptocurrencies into fiat currencies like USD and other local currencies, making digital assets practical for everyday travel.
Hoard functions as a smartphone app that streamlines currency conversion. Users can exchange a variety of cryptocurrencies into the fiat currency they need, directly from their device. This approach reduces the need to visit physical exchange offices or manage multiple separate platforms while abroad.
Beyond simple conversions, Hoard also includes investment features. The app centralizes management of different assets and exchanges, helping users monitor holdings and transactions in one place. This integration aims to simplify portfolio oversight for people who use both cryptocurrencies and traditional money.
The service is advertised as fee-free, which can be attractive to travelers looking to avoid extra costs on conversions. Currently the app is in beta, so features and availability may change as the developers refine the product.
According to the company, the project began as a tool to simplify cryptocurrency use and evolved into a broader goal: changing how people manage money and perceive the value of their assets. Hoard’s roadmap lists planned developments through the third quarter of 2019, outlining the company’s short-term objectives during that period.