Wednesday, December 13, 2017
Home BREAKING NEWS When In Budapest, Take A Taxi, Pay In Bitcoin

When In Budapest, Take A Taxi, Pay In Bitcoin

As the ubiquity of Bitcoin continues to be used in a variety of innovative and interesting ways, often times we forget the convenience the payment system can provide for some of the basics. Well if the thought of a Bitcoin accepting taxi has ever crossed your mind, it does exist.

In Hungary’s beautiful capital of Budapest, the company COinPAY  has partnered with one of the cities leading taxi providers, Budapest Taxi,  to run 580 active cabs with Bitcoin systems. The managing director of the taxi group, Csaba Horváth, says “We believe that we have to grab every opportunity that comes along, to take advantage of any innovation, and if one of those becomes very successful, we can say we were the first to use it.” And why not? With the addition of Bitcoin as an accepted payment method, it sounds as if the company is covering all of its bases in terms of accepted forms of remuneration. No excuses now for making your date walk in the city of Budapest.

Budapest taxis

COinPAY’s CEO, András Lőwy has slightly more big picture approach to the decision to roll out the system to taxis. He believes that these types of legitimate uses help the reputation of Bitcoin, not  to mention Lőwy seems like he wants to do all that he can to help Bitcoin gain momentum. He says, “Our company wants those with bitcoins to be able to spend them on services, products, in shops, because it creates business and it helps those who need that service.”

Recently Budapest has begun to emerge with quite the tech scene. It makes sense that some cool new uses for Bitcoin might emerge. And who knows, if it takes off in Budapest maybe you’ll have the opportunity to through down a couple of Satoshi’s for a ride to your favorite pub soon.

Images from Shutterstock.

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