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Bitcoin [BTC] and other cryptocurrencies can now be credited to Uber app

Jibin M George

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Bitcoin [BTC] and other cryptocurrencies can now be credited to the Uber App
Source: Pixabay

Vendit recently announced that it now supports Uber, the world’s largest cab-hailing service. This will allow cryptocurrencies to be credited to the user’s Uberwallet, which can be used to pay for cab rides.

Vendit is the first cryptocurrency firm to successfully link Uber to a wallet credited by any virtual currency, although this has been an effort many companies had been working on. The Vendit payment system makes use of a special merchant processor system that can be adopted into a Point of Sale merchant system, allowing itself to be seamlessly integrated with apps such as Uber. Currently, Vendit also supports other popular apps and services such as IHOP and Domino’s Pizza, the popular pizza chain.

Announcing the development on its website, Vendit stated,



“It is with great pleasure for Vendit to announce that Uber has been added to Vendit’s payment system allowing people to be able to add credits to their Uber App by purchasing with cryptocurrencies. We believe this will set the benchmark in the use case scenario for cryptocurrencies and hope others believe it as well. We look forward to continuing the goal of mass adoption and adding more merchants in the near future.”

This isn’t the first time Uber has been associated with the world of cryptocurrency. In 2016, Uber had announced that it would be accepting Bitcoin, the world’s largest cryptocurrency, as payment for cab services in light of the Argentinian government’s restrictions on credit card transactions. However, after a lot of protests by local cab services in the Argentinian capital, Uber’s services in the country itself were restricted.

According to Founder and CEO of Vendit Mike Hu however, Uber isn’t going to be the endgame. Hu has reiterated that Vendit has planned out future milestones that would help hasten the wider adoption of virtual currency as well as ensured that in time, more and more popular apps would be supported by the online cryptocurrency payments system.





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Bitcoin

John McAfee says he will reveal Nakamoto’s identity, Coinbase expands to 11 countries, and more

Priya

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John McAfee says he will reveal Nakamoto's identity, Coinbase expands to 11 countries, and more
Source: Unsplash

Daily Crypto News – April 18

1. John McAfee on Satoshi Nakamoto: The Founder of McAfee Associates stated that he would narrow down on the identity of Satoshi Nakamoto until he reveals Satoshi himself, otherwise he would reveal his identity to the crypto community. He also spoke about how he knows about Satoshi, to read about it, click here!

2. Coinbase expands its services to more countries: The leading exchange platform announced that it expanding its services to 11 more countries, which includes India, South Korea, and New Zealand. People in these countries can avail services provided on Coinbase.com, Coinbase Pro and its app on iOS and Android.

To know more about the countries Coinbase has expanded to, click here!

3. Craig Wright says the crypto-community want to silence him: Craig Wright, the self-proclaimed Satoshi Nakamoto, stated that the majority of the community was against him as they “desire to silence” him because they see someone who would bring an end to scams and pumps and dumps.

He also spoke about the next steps he would be taking in terms of the legal action concerning his defamation case. To read about it, click here!



4. Binance “marks the birth of a new genesis block”: The largest cryptocurrency exchange in terms of trade volume announced the launch of its Decentralized Exchange, and also stated that the mainnet swap would take place on 23 April 2019.

To read more about Binance DEX, click here!





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