More than 10,000 British taxis will receive payment in digital currencies based on Ethereum
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Answer More than 10,000 British taxis will receive payment in digital currencies based on Ethereum
Mobile payment company HIPS has partnered with Nordic to allow taxis in the UK and Scandinavia to accept cryptocurrency via the Ethereum blockchain, according to a report. to speak.
The new deal and partnership means 10,000 taxis in the UK and 20,000 in Scandinavia can use the payment gateway after it debuted in beta testing last November.
The platform will initially accept HIPS’ MTO, which is issued on Ethereum according to the ERC-20 standard, and the digital stablecoin (USDC).
According to the announcement, support for cryptocurrencies supporting smart contracts is also coming.
John Kavpring, CEO of HIPS, said:
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We think the consumer-oriented features are what’s missing.
We believe MTO is the missing piece for crypto payments to achieve market penetration and mass adoption among mainstream consumers.
The system, which includes the HIPS protocol, the HMP payment platform and its digital currency, is described as a solution that introduces consumer protection concepts when using traditional card payments.
Crypto payment boom:
HIPS joins a suite of payment solutions that allow cryptocurrency to be used as a payment mechanism for everything from TIME magazine subscriptions to the purchase of vegetables and fruits.
In November 2020, PayPal took a pioneering step to offer crypto payments by supporting Bitcoin and other cryptocurrencies.
The payment system “HIPS” was launched earlier this month and is designed for any blockchain that supports smart contracts, which means that in the future it will not only use Ethereum but also Cardano and Solana…
Where the advertisement for the payment service carried the following:
The protocol has converging real-time transaction speeds, built not just for Ethereum, but on Solana, which is described in the statement as a very fast public blockchain that can support more than 50,000 transactions per second, with block processing times of 400 milliseconds and a transaction cost of Approximately $0.00001 USD.
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