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The Daily Hodl
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Major City in Brazil to Begin Accepting Bitcoin for Public Transportation

by Daily Hodl Staff
July 30, 2019
in Bitcoin
‏‏‎ ‏‏‎ ‏‏‎ ‏‏‎
‎‎‎ ‏‏‎

Commuters in one of Brazil’s most populous cities could soon be paying their bus fares in Bitcoin.

Fortaleza, the fifth-biggest Brazilian city with 2.64 million inhabitants, will let its residents pay for bus rides with frequent flier miles and/or Bitcoin by the end of 2019, according to local news outlet O Povo.

Says Carlos Robério Sampaio, chief financial officer of Cootraps, Fortaleza’s public transit 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.”

According to Cootraps, transit riders will be able to pay in BTC using smartphones and a QR code to confirm the trip.

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