Bitcoin Can Now Be Used For Paying Fares On the Uber App

Vendit has recently revealed that it now comes up with support Uber, the world largest cab-hailing service. This will allow the Bitcoin and other cryptocurrencies to be credited to the user Uberwallet, which can be used to pay the fares for the cab rides.

Vendit is the first cryptocurrency organizations to successfully link the Uber to a wallet credited by any of the virtual currency, although this has been an effort many of the companies had been working on. The payment system of the Vendit makes use of a special merchant processor system that can be adopted into a Point of the Sale merchant system, which even allows itself to be an integrated with the app such as the Uber. As of now, Vendit also supports other favorite apps and services such as the Domino’s Pizza and IHOP. Uber a few months back has also got a green signal for the self-driving cars test.

Announcing the development on its website, Vendit revealed,

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

This is not just the first time Uber has been associated with the world of cryptocurrency. In the year 2016, Uber had revealed that it would be accepting the Bitcoin, the world largest cryptocurrency, as a payment for the cab services in light of the Argentinian government restrictions on the credit card transactions. Moreover, after a lot of protests by the local cabs services in the Argentinian Capital, Uber services in the country itself were rejected and restricted.

According to the Founder and CEO of the Vendit, Mike Hu, moreover, Uber is not going to be the end game. Hu has also reiterated that Vendit has planned out some of the future milestones that would help hasten the broader adoption of the virtual currency as well as ensured that in time, more and more popular apps would be supported by the online cryptocurrency payment system.