Tuesday, January 29, 2019

You Can Now Pay in Bitcoin (BTC) Via Vendit’s Uber App

Under the platform’s Vending Services, Vendit’s modular switching platform lets online consumers and sellers to transact against various types of service providers with ease.

Riding with ease

Vendit has disclosed that it is now adding Uber to the company’s list of supported applications, giving its clients the convenience of adding credit to their Uberwallet, which they can use for booking a ride.

With the integration of the world’s biggest cab-hailing service to its inventory of apps – including IHOP, Game Stop, and Domino’s Pizza – Vendit is setting the stage as the first company to be successfully undertaking an innovation of this kind.

Here’s how Vendit’s payment system works: A special merchant-processing software linked to a so-called Point of Sale (POS) merchant system allows itself to be integrated and compatible with applications and, in this case, Uber.

 

According to Vendit, “It is with great pleasure to announce that Uber has been added to Vendit’s payment system that will allow people to add credits to their Uber App by purchasing with bitcoin and other cryptocurrencies.”

Massive appeal

Last year, Europe-based virtual currency company Libereum bought a huge amount of shares in Vendit’s Payment System. It was during the latter part of the year that Libereum was on a shopping spree of sorts, acquiring football clubs as part of its global expansion.

In 2016, Uber had revealed that it would be accepting Bitcoin as payment for taxi rides. The announcement came on the heels of Argentina’s restrictions on credit card transactions and widespread protest by the country’s local taxi firms against Uber’s entry.

Based out of San Francisco, California, Uber also offers Peer-to-Peer ride-sharing, food delivery, bicycle-sharing, among other services.

What do you think of Vendit’s new payment method? Share us your thoughts in the comments below.

 

The post You Can Now Pay in Bitcoin (BTC) Via Vendit’s Uber App appeared first on Live Bitcoin News.



You Can Now Pay in Bitcoin (BTC) Via Vendit’s Uber App

Cryptocurrency is a digital currency that uses encryption (cryptography) to regulate the generation of currency and verify the transfer of funds, independently of a central bank. Cryptography is the practice and study of techniques for secure communication in the presence of third party adversaries.


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