Uber or Airbnb running on bitcoin

[jerrison]

The ida of running on bitcoin isn't actuall ideal as i see challenges arising from that, considering the fact that bitcoin is highly volatile, loads of challenges will be faced with the fluctuations that goes with it. imagine having $100 bitcoin in you wallet and you set out on Uber adn midway the journey, bitcoin crashes leaving you will a value way below what your bills have already acumulated. it then becomes na embarrasement. i will not advise both firms to run on bitcoin

[TheUltraElite]

I always thought it was a good idea when you can pay for your purchases with cryptocurrency. Otherwise, it's just useless.

If paying for services is your only point of being "useful" then yes it is useless. Let aside all the ideological stuff of being different from the traditional banking system and giving the finanacial power back to the people. With governments not allowing the use because they are wary that bitcoin decreases the level of corruption that can be possible with fiat money. Sure enough it is "useless"

It is necessary to implement similar payment systems in cafes, taxis and hotels.

Depends on the merchant and the government's approach to the coin. I dont see any ride sharing company till date accepting bitcoin so less chance of it getting into any of them but maybe in future we might see better or a project that allows bitcoin to be quickly paid to the driver in terms of their mode of payment.

[Benefactor]

If this happens then in many cases everyone will benefit. In this case, the hassle of carrying cash will go away. As people's confidence in the online currency increases, On the other hand, the pressure on the banking system will also decrease. Currently almost all countries are aware of Bitcoin. Bitcoin can be used in different payment systems. However, the first thing to do in that case is to be the government of the country that has approved the use of Bitcoin. Otherwise it can never be implemented.

[rodskee]

However, the first thing to do in that case is to be the government of the country that has approved the use of Bitcoin. Otherwise it can never be implemented.

True, the government is the first thing to approved such system without the go signal crypto / bitcoin
would not be implemented, we know that there are
already many businesses who show interest to this payment process, some already using it and some
are in the process of adopting bitcoin and other crypto coins.
If this will be accepted by the government first then expect that there would be more and more company
that will start embracing the system.

[Mpamaegbu]

I bet now that OP has mentioned this, some unscrupulous developers and their teams will create a sham coin for this and scam unsuspecting public as they know the hunger and expectations for this is high. I sincerely hope those of us here will be discerning enough to fish this out if it comes to that.

[scottt0m]

If bitcoin transfer fees become cheaper and transfers become faster, they can be used by taxi drivers.
All cryptocurrencies are open source, you can create a currency like Uber, but you need money it successful.
there is no such currency because these companies do not support it.
UBER will end and bitcoin will figher.

[KrisAlex18]

That would be a great idea with this current situation, where there are some public vehicles that are now allowed to drive, it would make the driver and the passenger to have contact to each other because the passenger can pay through his or her device using the bitcoin. This kind of payment to the Uner would be a great advantage even if there is no virus already because it makes the payment fast, in any transaction I always prefer to use the bitcoin or other cryptocurrency when paying because it is more convenient, I don't need to bring cash anymore because I have my device to use.

[TheUltraElite]

That would be a great idea with this current situation, where there are some public vehicles that are now allowed to drive, it would make the driver and the passenger to have contact to each other because the passenger can pay through his or her device using the bitcoin.

I know it sounds great to hear but be realistic here fellow member, we wont see big companies accepting bitcoin anytime soon. It will take time and maybe by then Uber wont be there anymore or a new ride sharing system based on cryptocurrency payments may have started giving competition to the mainstream ones.

Currently everyone is obsessed with the pandemic situation and thus thinking in these terms, but we have to understand that this is not a permanent thing, so it should not be the theme here.

Also many drivers come from low income families. It is tough for them to keep their money secure because crypto does need a little to a lot of technical know-how at least in the beginning on how to keep money secure. It would be heartbreaking to see a poor but hardworking driver losing money because of a sophisticated crypto scam.

[Zackgeno96]

The ida of running on bitcoin isn't actuall ideal as i see challenges arising from that, considering the fact that bitcoin is highly volatile, loads of challenges will be faced with the fluctuations that goes with it. imagine having $100 bitcoin in you wallet and you set out on Uber adn midway the journey, bitcoin crashes leaving you will a value way below what your bills have already acumulated. it then becomes na embarrasement. i will not advise both firms to run on bitcoin

It will be good for them to have a payment processor in between them and a customer as then the payment processor will give them a constant amount after taking their fees/cut in between. I guess this will totally remove the price variation problem and also the companies would still be getting the constant payment after the ride and no price fluctuations.

imagine having $100 bitcoin in you wallet and you set out on Uber adn midway the journey, bitcoin crashes leaving you will a value way below what your bills have already acumulated.

The inverse also holds true in this situation also, because you will also be having more than $100 after the end of the ride if the price increases exponentially. So there are always merits and demerits of using a volatile currency, it is on to you to seek the merit or the demerit in the currency.