Cryptocurrency | In this city you can pay for transportation using Bitcoin


According to the O Povo news website, residents of the city of Fortaleza Brazil can use Bitcoin to pay for public transportation in the city. The purpose of this rule is to reduce costs and attract new users who want to pay for transportation using Crypto.

The finance director of Ceará State Autonomous Passenger Transport Cooperative (Cootraps) informed that this method would help attract new users to use public transportation.

"This is a way to reduce bureaucracy and bring more users to public transport networks. We expect a greater number of passengers, we want to make it easier for users. "

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In addition, they also analyzed the possibility of receiving payments in another cryptocurrency in the future. However, there is no crypto confirmation which they are evaluating to use.

Paying transportation costs with Bitcoin is arguably an effective way to increase the adoption of crypt use. Brazil and other countries are starting to implement crypto in their community environment.

Paulo Skaf, the Federation of Industries of the State of Sao Paulo (FIESP), predicts that the state tax system will drive users towards digital assets. He considered that it would be unfair because trading crypto would not pay taxes, while those using fiat currencies would need to pay taxes.

Besides Brazil, Argentina also uses cryptocurrency to pay for public transportation, Alto Viaje and Bitex companies work together to help individuals send funds to the SUBE card to pay for public transportation.

Comments CMO Bitex, Manuel Beaudroit:

"We believe that these projects are very important because they bring great technology like Bitcoin to the general public, showing the real value and applications they have in everyday life."

Source: O Povo


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Cryptocurrency | In this city you can pay for transportation using Bitcoin Cryptocurrency | In this city you can pay for transportation using Bitcoin Reviewed by sheffter on July 30, 2019 Rating: 5

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