Bitcoin to Be Accepted as Public Transport Fare in Brazil’s Fifth Largest City

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    One of Brazil’s largest cities with a 2.7 mln population has started implementing Bitcoin payments in public transport, the new feature will start work later this year

Bitcoin to Be Accepted as Public Transport Fare in Brazil’s Fifth Largest City
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Along with big trading chains in the US and a few other countries, where customers can buy goods and meals, coffee with crypto, Brazil seems to be the first country that is about to implement Bitcoin to pay fares on public transport.

Fortaleza to test Bitcoin payments this year

The experiment will start in Brazil’s fifth largest city Fortaleza with nearly 3 mln inhabitants. 

As per the local media O Povo, a local governmental cooperative dealing with public transport (Cootraps) will enable local citizens to pay their fares on public transport with Bitcoin and will also have bank card terminals installed. Currently, people there can only by their tickets with cash.

This initiative is believed to enlarge the number of public transport users and make the system less dependable on red tape.

Commuters and other travellers will just need a special smartphone app to scan a QR code with. The system is to be introduced by the end of the year.

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Brazilian supermarkets take crypto as well

In December last year, a local big supermarket chain Oasis Supermercados located in the local Rio de Janeiro state also started accepting Bitcoin payments.

Customers pay via Coinwise payment processor. Apart from BTC, the supermarket chain also accepts Bitcoin Cash and Litecoin.

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About the author

Yuri is a journalist interested in technology and technical innovations. He has been in crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future. ‘Hodls’ cryptocurrencies. Has written for several crypto media. Currently is a news writer at U.Today.

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