Brazilian City Starts Accepting Bitcoin Payments for Public Transport

On July 25, Brazilian CoinTelegraph reported that the Brazilian city of Fortaleza, the capital of the state of Ceará, will soon allow its passengers to purchase transportation tickets with bitcoin. Fortaleza is the fifth-largest city in Brazil with a population of about 2.7 million.

The news was broken by Jornal do Povo, a Brazil-based media outlet, in which it cited the decision of Ceará Co-operative of Autonomous Passenger Transporters (COOTRAPS) to start accepting bitcoin in the public transportation system of Fortaleza in addition to credit/debit cards, and cash.

BTC payments support will be built in the city’s autonomous ticketing app by the end of 2019. Travelers will pay by scanning a QR code, which is then scanned by on-vehicle devices.

COOTRAPS also announced that other currencies might be supported at a later date. Which currencies and when this would happen, has not been stated by the transportation company.

We wouldn’t be surprised to learn that this decision was a political one. But as COOTRAPS chief financial officer, Carlos Robério, stated, the aim was to attract more users to the public transport network and to reduce bureaucracy: “This is a way of reducing bureaucracy, even bringing more users to transport. We expect a larger flow of people, we will make it easier for the user.”

The city of Fortaleza is not the first to add cryptocurrency payments to their public transit system. In Argentina, there are 37 cities that accept cryptocurrencies to charge their public transit card; and the Japan’s biggest railroad company is reportedly eyeing crypto payments as well.

Related News

IPvanish owns servers to provide top security & privacy

Thinking about using the dark web? Tor isn’t as anonymous as you might think, which is why many recommend pairing it

Read-more

Verasity – a next-generation video sharing platform

YouTube, Facebook, and Vimeo and other platforms have propelled video into the mainstream. But, controlled by the middlemen, the majority of the value generated by viewers still

Read-more

Malta’s Valletta Palazzo Mansion Goes On Sale, Purchase Using Bitcoin

Malta has been in the news for quite some time in regards to the blockchain industry. Recently, Malta made to headline when the huge Palazzo of Valletta

Read-more

Coin.Host: Buy a Swiss-based VPS with Ethereum, Bitcoin, and other coins

Switzerland is located in the heart of Europe and is well-known for its strict laws on privacy and data protection.

Read-more