Budapest Taxi Starts Accepting Bitcoin Through CoinPay
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....
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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....
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.
Have you heard of Felix Weis who travelled the world for 18 months spending only Bitcoin? As challenging as it sounds, he managed to visit 50 cities in 27 countries. His experience also made me think about how such a trip would look like in my hometown, Budapest. As popular as Bitcoin has been recently, its widespread use in everyday life in Hungary is still a bit farther away. Despite the fact that our neighbours - Austria and Slovakia are ahead of us in terms of products and services that could be bought with Bitcoin, there are still quite a few businesses in Hungary which accept....
Italians in a rush can now call on bitcoin to get them where they’re going. One of Italy’s largest taxi fleets, Cooperativa RadioTxi 3570, now accepts bitcoin for fares. The company recently joined hands with Chainside, a startup that allows businesses to accept bitcoin payments. Customers can download the Chainside app to their mobile phones or smart devices and pay their fees through the quick touch of a button. The company provides taxi services to anyone visiting a large Italian city. Whether it’s Rome or Venice, tourists and travelers can get their sights on with a little help from....
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....