Taxi firms seek to drive bitcoin adoption
Ask your average London cabbie or New York cab driver whether they know what bitcoin is and they're likely to give you an "eh?" and a blank look. With this in mind, the likelihood of finding a taxi that accepts payment in digital currency is extremely slim. However, slowly but surely, this is starting to change. Lithuanian taxi firm JazzExpress started accepting bitcoin on 20th September this year. Jonas Gilys, development director at the company, said he and his colleagues first heard about bitcoin back in 2009, when they also started mining the cryptocurrency. "We decided to start....
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I requested information from the team behind Taxi coin, and the team was kind enough to answer my questions. However, when yours truly asked for a name to put in the article... I got "Chad B." very cloak and dagger!! Who is behind Taxi coin? "We are a group of like-minded people located in several countries around the world and have been growing the team and support since we launched. We are developers, producers, engineers, nerds, and citizens. We also all really love Crypto and Taxis! Why did you create a coin specifically for taxis?" It seemed like a natural fit to begin a coin that....
As the ubiquity of Bitcoin continues to be used in a variety of innovative and interesting ways, often times we forget the convenience the payment system can provide for some of the basics. Well if the thought of a Bitcoin accepting taxi has ever crossed your mind, it does exist. In Hungary’s beautiful capital of Budapest, the company COinPAY has partnered with one of the cities leading taxi providers, Budapest Taxi, to run 580 active cabs with Bitcoin systems. The managing director of the taxi group, Csaba Horváth, says “We believe that we have to grab every opportunity that comes....
Uber and Bitcoin are among the most groundbreaking technologies currently on the market. Uber, part of the so-called sharing economy, has created jobs and helped people arrive at their destination safely. The company has grown, attracting the attention of governments worldwide. The issue for Uber circles on the fact that, in order to drive a taxi or become a taxi company, regulations ensure you keep your customers safe. Uber is not governed by similar regulations. This has unfortunately led to many cities throughout the world to try and ban the new technology startup. Yet, it remains.....
When major companies such as Dell, Microsoft, and now Budapest Taxi start accepting Bitcoin payments, the popular digital currency gains a lot more credibility and legitimacy. As more and more people start to see the value of Bitcoin as a financial tool, adoption of the digital currency will thrive all over the world. Paying for everyday goods and services with Bitcoin has been a big struggle so far, but things are changing step by step. In Budapest, for example, you can soon use Bitcoin to pay for Budapest Taxi rides, thanks to a partnership with CoinPay. Bitcoin is all about....
One thing the Bitcoin ecosystem is always in need of is more use cases for consumers to conveniently spend digital currency. Even though there are plenty of merchants accepting Bitcoin in the online space, brick-and-mortar locations are a few steps behind. In Budapest, you can now pay your taxi rides with Bitcoin, creating a huge use case for the modern digital currency by affecting the daily lives of residents. Budapest Taxi is among the first public service companies in the country to experiment with Bitcoin.