Altcoin News: Brazilian City Fortaleza Will Start Accepting BTC to Pay for Public Transport

July 30, 2019, by Marko Vidrih on ALTCOIN MAGAZINE

Brazil’s fifth-largest city, Fortaleza, with a population of about 2.7 million, will start accepting Bitcoin to pay for public transport this year.

Local news agency O Povo reported that passengers Cooperative State (Cootraps) Ceará Fortaleza give citizens the opportunity to buy bus tickets using BTC, credit and debit cards, in addition to the cash payment.

It is reported that new payment methods are aimed at attracting more users and reducing bureaucracy in the system:

“This is a way of reducing bureaucracy, even bringing more users into transport. We expect a larger flow of people, we will make it easier for users,” said Carlos Robério Sampaio, chief financial officer of Cootraps.

Users will be able to pay for tickets through a mobile application and QR code.

The use of cryptocurrency in the public transport system is considered by different countries. In April, it was reported that Kiev authorities could start accepting Bitcoins to pay for public transport as well. In February, Argentina added the possibility of paying with Bitcoin trips on buses, trains, subways and motorboats in 37 cities, including the capital, Buenos Aires.

Author: Marko Vidrih