Take a taxi with Bitcoin, it will soon become a trend

Tourism is one of the world's largest industries, said to be worth more than $7.6 trillion in 2014. As people's purchasing power continues to grow and air travel becomes increasingly affordable, more and more people are choosing to vacation overseas.

The boom in tourism has also boosted foreign exchange, but tourists end up choosing local currencies due to foreign exchange fees and other related costs. In addition, each country has a maximum limit on the amount of cash an individual can bring into the country. Tourists can only bring a small amount of cash from home, and using credit cards abroad is not a good deal. Every time you swipe a card or use an ATM machine abroad, you end up losing a lot of money.

Now, with the advent of Bitcoin, a truly global currency, you can use it to purchase goods and services abroad. The transaction fees associated with Bitcoin exchanges are almost negligible. However, Bitcoin is still relatively niche and is still in the process of being accepted by merchants.

Transportation is an important part of the tourism industry and once tourists reach their destination, they will have to rely on public transportation, or taxis.

Today, taxis are the most popular means of transportation for tourists around the world. In order to make Turkey's local tourism industry more friendly and promote the adoption of Bitcoin, Emniyet Taksi has launched Bitcoin payment in the resort city of Marmaris. Tourists can use Bitcoin to pay when taking Emniyet Taksi taxis. The suggestion of accepting Bitcoin taxis was made by tourism entrepreneur Mr. Kursat Oncel. In addition to taxis, he also cooperated with hotels, restaurants and travel agencies in Marmaris to allow them to accept Bitcoin as a payment method.

In addition to being easy to carry, Bitcoin also has other advantages. It will reduce tourists' confusion about currency conversion rates. In addition, the confirmation time of Bitcoin payment is about 10 minutes, and there will be no refund issues.

Bitcoin payments for taxis and car rentals are not just for the travel industry, but also for regular commuters. International on-demand ride-hailing providers, such as Uber, face problems because of the different transaction models they use in different countries. For example, when Uber entered the Indian market, it faced problems integrating credit card payments. The number of credit card users in India is relatively low, which is a big hurdle for a ride-hailing service provider. Of course, Uber eventually partnered with mobile wallet providers and found a solution. However, if they use Bitcoin as a backup payment option, they can ensure uninterrupted service.

Bitcoin is not just for India and Uber, it is for all services around the world. Turkey’s Emniyet Taksi taxi service now offers Bitcoin as a payment method for its customers. We will see more and more taxi services offering Bitcoin as a payment method.

Original article: http://www.newsbtc.com/2016/02/28/bitcoin-taxis-soon-become-norm-around-world/
Author: Gautham
Compilation: Overnight porridge
Source (translation): Babbitt Information (http://www.8btc.com/bitcoin-taxis)