Public transport involving taxi cabs are becoming more personal these days. Gone are the days when people were forced to go out on the street to hail a yellow or black taxi cab. Now, all one needs is a smartphone with the right application installed. The rise of companies like Uber , Lyft , Careem , Ola and others offering on-demand car for hire service has made using taxi cabs a convenient and pleasurable experience.
We can now book a car of choice over the mobile phone while sitting in our living rooms. In no time, the cab will be available at the doorstep ready to take us to the destination of our choice. Services like Uber have become a big hit among commuters across the world. Most of these on-demand cars for hire services use the credit card as the most preferred way of payment, except for few places where they have allowed integration of mobile fiat wallets and even accept cash. However, none of these leading players have included bitcoin payments or blockchain technology so far. Arcade City and Ethereum
A newbie in the block, Arcade City has beat all established heavyweights to the punch by becoming the first on-demand ride sharing and car for hire startup to work with blockchain technology. Arcade City is the brainchild of Christopher David, who also happens to be the founder of Free Uber group. The ride-sharing application is currently available on Android and iOS platforms.
Arcade City is currently in the process of integrating Ethereum blockchain into its application. The blockchain based smart contracts platform will be used by the company to offer crypto-equity to drivers joining the application. According to reports, the company intends to share the whole equity among drivers by the year 2020.
Arcade City was officially launched on […]
