Bitcoin Forum

EFI founder Elmer Francisco also plans to introduce an Ethereum ERC-20 token that can be used by commuters to pay fare, and by operators to purchase electric jeepneys.


Full article here: https://www.unblock.news/news/ph-senatoriable-eyeing-crypto-based-jeep-fare-payment-system

kung matuloy man yan, medyo mas magiging malaki ang pamasahe kung kada bayad mo kailangan mo pa ishoulder yung GAS fee. imagine lets say 20pesos pamasahe additional ka pa ng around 5-10 pesos na GAS fee

What if you use the same payment system like coins.ph or something like that. Using that kind of system saves fees and you won't need to have that coins that you need (Pag nag babayad ng jeep)

Maganda sigurong idea yung "Barya-less" Hahaha. Or something like that towards commute. Yun kasi mahirap for me, pag walang coins tapos sayo pa magagalit yung konduktor or driver na wala ka bang barya. Great idea IMO.

Well, that is true maganda nga to kasi as far as I know Coins.ph to Coins.ph wallet does not have additional. I think they should be used a company like that or let say GCash na rin pwedi naman yung walang fee. Using QR code I guess it is easy to implement even though in a jeepney fare payment system.

It is easy for him to put it in his jeepneys since he's the founder of his own manufacturing company. The funny thing about this guys company is that they have their own coin and it actually ICOed back in August 2018.

EFI coin an ERC-20 token. I think this will be the coin that is going to be used on his jeepneys. So commuters get your own EFI coin now. Lol.

Nakikita ko lang na problema sa mga ganito yung cash in at transaction fee, napakaganda sanang  gumamit ng cashless payments like crypto kaso yung fee isang malaking hadlang diba may mga coins naman jan na zero transaction fee wag lang eth kasi pabago bago ang fee jan mamaya biglang magfailed ang payment mo at nakaalis kana kaya di pa talaga pwedeng gamitin ito sa mabilisang transaction kagaya ng sa mga jeepney.

This is a good exposure for crypto in the Philippines, but I don't see he has a chance to win in the Election, I don't even have an idea who this guy is until I read this post. Anyway, crypto is still new but the Philippines is a crypto friendly country so I'm expecting a positive progress in the Philippines overtime.

His purpose which is a payment for jeepney fare is not practical IMO.

I agree with this, kailangan nilang gumawa ng isang app na katulad ng coins.ph pero mababa yung fee at mas makakatipid kumpara sa pagbabayad ng barya. Kailangan nating mahikayat ang mga tao na mas convenient itong payment system na ito.

Maybe no need to create a new one and just use coins.ph instead? Maybe pag nagawa ng coins.ph yung parang QR code and offline transactions capability, I think they could really implement this and be widespread, not just in Metro Manila.

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Hopefully nga ganun yung mangyari and once na maimplement, a lot more people would transact and be part of BTCT. Maganda sana kung maging central forum talaga 'to eh. Maraming involved sa cryptocurrency sa atin pero they have no idea of this forum.

Wala naman siguro problema sa pag cash in kapag may tumatanggap na payment online kagaya nalang 7-eleven.
Maganda nga yan mas mabilisan yung transaction kung QR code lang gamitin para maka recieved ng payment, just like ATM swipe mo lang sya. I think need din yan ng apps talata. Ito mas matindi I know mahirap yan ipaintindi sa kanila. But the concept of that EFI founder is realy good and useful though.

Although walang fee kapagnagbayad sa mga jeepney, how about xempre pagpasok ng pera sa 7/11 which may cost them more. Sa mga elderly persons or senior citizens dont grasp this kind of system kasi most of them dont know how to use gadgets.

Sana matuloy to napakagandang hangarin neto para mapaunlad ang kaalaman natin tungkol sa crypto, sa pamamagitan nito ay makakapagbigay ito ng atensyon sa mga tao para mapansin ang cryptocurrency, wish ko lang sana hindi nalang erc-20 token tong EFI ganda sana kung may sarili silang chain tapos mala xrb ang bilis ng transaction para tipid narin.

Tingin ko sa ngayon sapat pa yung "beep cards" para sa commuting expenses.
Pero kung kaya ng beep cards, bakit nga naman hindi sa crypto diba?
Ang mahirap lang kapag masyadong volatile yung gagawing coin.
Either malugi yung driver o kaya kumita ng sobra sobra, nandoon pa rin yung risk.
Maganda yung ideya pero mukhang medyo maaga pa tayo para sa ganun.
Hintay hintay lang muna siguro  :).
Mas maganda pa rin siguro unahin yung public awareness sa crypto.

Interesting but I think that transaction fees would be high and the transaction speed would also be taken into consideration. The idea is definitely feasible but there are other problems that should be addressed before implementing this kind of change.
The silver lining would be the exposure of cryptocurrencies in the public. This would attract their attention and potentially transform them to investors soon enough.

Like what others mentioned, the usage of BEEP CARDS are already enough and adding another complication can only bring harm than good.

Bakit pa naman sila mag create ng ERC-20 token, e marami naman crypto na maliit lang na fee at mabilis pa ang transaksyon, tulad ng XRP kundi dogecoin. Mas maganda mag Gcash nalang medyo inaadopt na to sa mga store mabilis din ang transaksyon.

Posibli nga na yang EFI yung binabalak nya pero parang imposibli rin syang manalo sa election. Sa araw araw kong panonood sa mga balita ngayon di ko man lang narining yung pangalan nya pati yung token nya ngayun ko rin lang na laman. Walang nagbanggit ng kanyang pangalan kahit isang DDS.

Mahihirapan din itong maisakatuparan, yung driver na pag-aralin mo ng mobile app. Pagnagkataon hindi lang holdaper ng jeep ang kailangan iwasan ng mga drivers pati na rin mga scammer sa crypto.

Medyo kumplikado yan, di naman literate ang mga jeepney driver dito satin at yung technology na yan di pa accurate sa mga ganyang usapin sa ngayon kumbaga para sakin mas maganda na iadopt muna mg mga malalaking kumpanya sa atin bago yung mga ganyang sector.

Correct, I think this implementation will take long process and I am sure majority of the jeepney drivers don't have any idea on this blockchain technology. Maybe it will happen if Elmer Francisco will conduct a seminar to those jeepneys driver regarding this matter.
Though the EFI founder has a good objective to his project, I think it is very helpful to us as a commuter para sa madaliang fare transactions.

For him to win is really impossible since most voters in our country tend to vote for TRAPO (traditional politicians). Elmer Francisco has been interviewed by bought ABS-CBN and GMA.

I'm sure it is not that hard for a simple driver to understand the concept upon using cryptocurrency as a source of payment. Let's just say just like in Beep Card its a tap and go. I'm sure that they will implement some measure so that the driver will not have a hard time using their coin as a payment system. That is if he could win the election.

Napanood ko ang video nya. Gaing pala say sa pamilya ng gumagawa ng jeep.
Mahihirapan pa rin maipasa ang plano nya kahit manalo man sya sa election. Katakot-takot ng examinasyon sa senado baka magresulta pa sa pag-ungkat sa mga mayayamang crypto users sa bansa at baka i-ban pa ni Digong ang bitcoin lalo pa na mainit sya sa AMLAC. 

Kung meron mang dapat sigurong unahin na project related to blockchain, sana yung sa election system natin. Baka mapadali pa ang pagpasa ng mga mungkahing payment system sa jeep kapag mapatunayang fair and resulta sa election.

Sa ginagawa nila katulad neto, mas magigipit ang mga traditional jeepney drivers natin. Bukod sa di nila kayang makapagadjust sa gantong system, kukulangin pa din sila sa pera pambili ng electric jeepneys.

And what if maging pabor ang government for this? Ano nang mangyayare, tuluyan na ang phase out sa jeepneys na traditional.

..kung matutuloy man ito,,sa palagay ko magkakaron nang increase sa pamasahe,,kasi sa gas fee na babayaran natin,,not unless the same coin payment transaction ang gagamitin like coins.ph libre xa..tyaka dapat merong fix price na dapat babayaran jan kasi ang volatilit ng crypto value ay hindi mapipigilan sa pagtaas at pagbaba ng halaga..

..dapat din isaalang alang ng gobyerno ang kapakanan ng nakararami kung sakali man na mapayagan itong electric jeepney..kasi sa tingin ko,,maraming mga jeepney drivers ang mawawalan ng hanap buhay kasi marami ang hindi makakaafford na bumili ng mg electric jeeps..

Bakit kasi nag Ethereum based ERC20 token pa sila pwede naman silang gumawa at mag fork ng bitcoin at gimawa ng sariling coin at gawin nila yung segwit format para yung fee ay mababa at mag provide na lang ang pilipinas ng sarileng full node para ma confirm ang transaction pwede naman gawin yun eh kaysa sa ERC20 token na mag babayad pa ng gas fee.

Or Pwede rin yung XRP as alternative payment since yung pero hindi naman nalalayo sa piso.