How often do you need to tow your car? Every day? Or, once every 10 years? Are you going to go through the hassle of downloading the CARTAXI app/wallet and buying CARTAXI coins just in case you need a tow in 10 years?
I got the impression they will allow payment with more than one crypto (probably just BTC and ETH, maybe some other strong altcoin). But no definite info so I'll ask the team about that. Hey, I already profited from this discussion
If you do not, and when the time comes that you are standing at the side of the highway beside your stalled car or flat tire, are you going to spend the extra 20-60 minutes to figure out how to download the CARTAXI app/wallet and buy CARTAXI coins, while you are running late to your appointment and freezing in winter or sweltering in summer because your car engine is not running?
The app is impossibly easy to work with, even my father got the hang of it in a minute or two (and he's neither young nor tech savvy). I checked it put before I made the investment. Your advice not to invest in an ICO that doesn't have some form of product already up and running (app, software, whatever) is very, very good and I definitely endorce it!
Whether the driver or Uber issues an receipt has nothing to do with the method of payment. Just because the method of payment is cash, such as USD, EUR or YEN, instead of a crypto, it doesn't mean that Uber cannot issue a receipt, eventually if not now.
Uber does issue a receipt - in an electronic form. It can be set to mail, printed etc. It even goes through the process of fiscalisation which is mandatory in my country. They just don't print it, and that's what's "grey" according to laws in my country.
The reason Uber drivers do not print receipts when they receive cash is because they do not want to declare that income, to avoid taxes. Tow truck drivers probably do the same thing. Do you think Tow truck drivers will want to use CARTAXI so customers will force them to issue receipts, which will make the drivers pay more income tax?
According to CarTaxi, tow truck drivers are already using their app in Russia. We'll see if they can make it to global market, they announced going to Asian and North American markets in Q4 2017/ Q1 2018.
Do they NEED the blockchain technology?
No, app can run just fine on "normal" servers and clients.
But can they profit from it, especially in the long term?
I think they can. By enabling crypto payments they are making sure their clients won't need TenX, Monaco, Centra or other cards that "bring cryptocurrencies to the real world" (quote from one of them, I don't know which one. Not important, anyway) so they keep that chunk of profit for themselves.
CARTAXI has a very stupid business model.
dunno, sounds solid to me
I'll come here in a few months and admit I was a moron if I'm wrong
already read that, definitely a great guide! will help a lot for all future investments. much obliged! I'll go and endorse you on the topic, it really is helpful and I recommend it to all new investors!
