Italians in a rush can now call on bitcoin to get them where they’re going.
One of Italy’s largest taxi fleets, Cooperativa RadioTxi 3570, now accepts bitcoin for fares. The company recently joined hands with Chainside, a startup that allows businesses to accept bitcoin payments. Customers can download the Chainside app to their mobile phones or smart devices and pay their fees through the quick touch of a button.
The company provides taxi services to anyone visiting a large Italian city. Whether it’s Rome or Venice, tourists and travelers can get their sights on with a little help from digital currency. Passengers have the option of paying for their rides in advance while meandering the urban streets. Once a payment is made, customers are emailed receipts which they can show to taxi drivers as proof of payment.
Bitcoin’s acceptance amongst taxi companies may be in response to Italy’s recent Uber ban. The ride-servicing company was shoved aside by the Italian Union in June last year after it was decided Uber created “unfair competition” for local taxi drivers throughout the region. In order for a taxi company to operate within Italy’s borders, they must hold a license and fall under the country’s