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A Brazilian City Fortaleza Will Accept Bitcoin For Public Transport

by Coinworldstory
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A Brazilian City Will Accept Bitcoin For Public Transport

On July 25, It Was Reported That Users Of The Public Transport System In The Brazilian City, Fortaleza, Capital Of The State Of Ceará, Will Soon Join The Adoption, As The Company Will Accept Bitcoin

The News Was Disseminated By The Brazilian Media ‘Jornal Do Povo’, Who Quoted The Ceará Cooperative Of Autonomous Passenger Transporters (Cootraps).

The Fortaleza Public Transport System Will Accept Bitcoin Support For Bitcoin Payments Will Is Implemented In The City’s Autonomous Ticket Issuance Application Before The End Of 2019, Which Will Allow Travelers To Pay With Btc By Scanning A Qr Code, Which Is Then Scanned On Devices Located In Vehicles. In Addition To Btc, Transportation Tickets Can Be Purchased With Debit Cards, Credit Cards Or Frequent Flyer Programs.

The Initiative Aims To Attract More Users And Reduce Costs:

“This Is A Way To Reduce Bureaucracy, Even To Bring More Users To Transport. We Expect A Greater Flow Of People, We Will Make It Easier For The User. ”

Brazilian Interest In Bitcoin On The Rise Bitcoin Has Increasingly Permeated News Headlines In Brazil In Recent Days, And Paulo Skaf, President Of The Brazilian Trade Association Federation Of Industries Of The State Of São Paulo (Fiesp), Predicts That The Country’s New Tax Regime Will Make The Citizens Use Virtual Currencies To Evade Taxes.

Speaking To The Local Newspaper Folha De São Paulo, Skaf Said That The New Tax Regime “Will Naturally Lead To A Migration To Other Forms Of Payment, Such As Cryptocurrencies. It Will Be Unfair: Those Who Trade With Cryptocurrencies Do Not Pay, And Those Who Trade With Reals Will Pay. ”

“Good Regulation Comes From Consumer Demand For Something He Felt Injured And Requires State Protection,” He Said.

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