Uber CEO Says Company to Consider Crypto for Rides, Not Its Balance Sheet

The race to create a decentralized Uber now has perhaps its most bona fide competitor. It comes with Cell 411’s decentralized ridesharing app, just launched in Austin, Texas. CEO: Users ‘Have Freedom Unlike Uber and Lyft’. Cell 411 is a disruptor social network originally aimed at letting users provide each other with assistance in emergencies. The....

Texas Biotech Company Spinesmith Holdings Will Convert Their Balance Sheet To Bitcoin For Long Term Holding To Avoid The Overreach Of Banks.

[UPDATE: It appears that Uber has suspended Bitcoin Builder's account and thus, the service is no longer operational.] US-based bitcoin exchange platform Bitcoin Builder has announced their release of a bitcoin service that enables users to pay with bitcoin for Uber rides. How it Works. Bitcoin Builder created a business account on the Uber network, which allows the firm to display itself as a payment method on the Uber mobile app. Users are required to use the Bitcoin Builder multi-sig wallet to associate it with the firm’s Uber business account. After the activation, users will see....

The story on whether or not Uber will be integrating Bitcoin payments in their system remains officially “no”. But that isn’t keeping Uber drivers from trying to collect Bitcoin tips during rides. Some drivers put up a large QR code on the back of their seat, whereas others create business cards with a Bitcoin wallet address and QR code to collect tips. One thing is for sure though: this story is far from over. There are quite a few similarities to be drawn between Bitcoin and Uber, as both tools are trying to prove the same point. Centralized services, whether it is in the financial or....

Driver-owned ridesharing startup Arcade City, the developer of an open marketplace where riders connect directly with drivers by leveraging blockchain technology has now launched its mobile application for Apple iOS and Google Android devices. Ridesharing startup Arcade City has launched its mobile application that will be available at Apple and Android app stores. The platform was launched in a direct response to rate cuts by Uber and Lyft in January this year. A press release by the company revealed that more than 3,000 drivers had signed up, the majority of whom are current and former....