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.