Bitcoin Forum

Is beneficial if transportation companies create their own coins and raise fund to buy exclusively crypto vehicle that will only allow their coins as a means of payment?

Though, different currencies can be exchange to buy their particular coins.

This is definitely going to be useful for passengerd as there will be other alterative choice other than fist currencies.  There should also be a loyalty promotion so that passengers who use the token will have other benefits.

I think this is good practice as it will boost up the crytpo trading through using coins as payment in transportation in vehicles.

This idea is good, but it must have a technical advantage, you can't rely solely on ETC20. Currently, this project may be a bit ahead of the times. You can be patient and technically improved. Any industry in the future can be associated with a blockchain just like the Internet.

To me this sounds like something that, with the right developers and development, can become a very good idea!

Considering that transportation generally have a really frequent transaction need to be made within short period amount of time it's still better to stick with a centralized system
mainly because it will be faster and is reversal when there's trouble happened to that respective transportation provider.

Using cryptocurrency to pay is what we are expecting. But only their tokens can be paid, it is inconvenient. I think they should have a more flexible solution for payment.

That is precisely what no one else is ready for such a development of events, as in principle in other branches of economic activity. Over time, this is possible, but not in the next 5 years for sure.

This needs to be based on the need for payment, because not all channels or products can be taken care of by consumers, not all coins are suitable as a means of payment!

The blockchain technology in crypto can be used for any type of payment, including payment for transportation. indeed, companies can exchange money for coins to pay for their transportation, but using crypto will be far more practical than using any currency.