27 Aug 2016

BITCOIN TO PAY FARE

French bus operator Isilines becomes first in Europe to accept Bitcoin as fare payment, according to recent reports in French media. After experimenting the payment of bus tickets with virtual currency, Bitcoin has become the first in its sector to set up this type of payment across Europe.

Isilines, a new long-distance passenger transport division of Transdev Group, has been using Bitcoin as a method of payment alongside traditional credit card payments on its website since August 2, 2016, the report said.

Some of the advantages of this approach include that transactions are validated in ten minutes, allows immediate conversion of funds in euros, provides a means for tourists to avoid exchange fees associated with credit card payments and as an initiative that reflects an innovation-oriented mindset.

 



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