Australian Bus Commuters Can Soon Pay Fares With Bitcoin

Australian Bus Commuters Can Soon Pay Fares With Bitcoin

A team of mobile developers in Canberra, Australia, is aiming to be the first in the world to allow public transit users to pay for rides in bitcoin via its MyBus 2.0 app. MyBus 2.0 is a timetable and route-planner app on Canberra's extensive bus network ACTION, which is also the city's primary public transit system. Developers Imagine Team Solutions announced the app now has more than 50,000 active users. To celebrate that milestone, it turned its attention to ACTION's prepaid fare smartcard system, MyWay. MyWay automatically deducts the correct fare when a passenger touches the card....


Related News

Fight Traffic Jams with Blockchain Technology

Traffic jams are choking cities all around the world, severely affecting economic growth and the health of commuters. Time wasted in traffic congestion costs billions of dollars and afflicts commuters with stress, poor health, and even premature death. Traffic Congestion Impacts Your Health and the Economy. The amount of time that commuters waste on the....

Beijing and Suzhou Railways Now Accept Digital Yuan Payments for Ride Fares

Beijing subway has officially launched a new program that allows passengers to pay for rides with the central bank digital currency (CBDC) also known as the digital yuan. The news follows the subway system in East China’s Jiangsu province in the city of Suzhou which also allows digital yuan payments for subway fares. Digital Yuan Can Now Be Used to Pay for Fares on China’s Major Public Transport Railways China’s capital of Beijing and the People’s Bank of China (PBOC) has been moving fast in regard to pushing CBDC adoption in the country. There’s been a bunch....

Australian Newsstands to Sell Bitcoin Over-the-Counter

Obtaining Bitcoin needs to be made a whole lot more convenient. Enthusiasts in Australia are tackling this problem, by letting consumers purchase cryptocurrency over-the-counter at their local newsstand “soon.” Buy Newspapers & Bitcoin in One Place. Two Australian startups have come up with an over-the-counter solution that makes obtaining Bitcoin as....

Dark Web Cybercriminals Are Selling Counterfeit Train Tickets to Make Cash

An investigation has found that cybercriminals are turning to train tickets to make a profit from commuters searching for cheap tickets on the dark web. With train ticket prices increasing year after year, it seems that people will go to whatever lengths necessary to find a cheaper alternative rather than paying the full price of train travel, even if it means going through the dark web, according to a report from the Express, a U.K. tabloid newspaper. An investigation by BBC South East has found that cybercriminals are selling counterfeit National Rail tickets over the Internet, providing....

Australian Banks to Close Bitcoin Companies' Accounts

Australian banks have advised Australian bitcoin companies they are closing their accounts, according to The Australian Financial Review. The publication has seen the letters from Westpac Banking Corporation and Commonwealth Bank of Australia. Ron Tucker, chairman of The Australian Digital Currency Commerce Association, said all large Australian banks were shutting the door on bitcoin companies. The banks sent letters to Australian bitcoin exchanges, including Bit Trade and Buyabitcoin. The letters said the banks will close the exchanges' accounts and did not give any explanation. At least....