City in Brazil to Accept Bitcoin for Public Transportation

Brazil’s fifth-largest city by population is taking a major step for bitcoin adoption.

On July 25, 2019, local news outlet outlet O Povo confirmed that Fortaleza, the beachfront capital city of Ceará, could support bitcoin payment for bus riding by the end of the year. The outlet notes that the Ceará State Co-operative Autonomous Passenger Co-operative (Cootraps) will provide residents the option to buy tickets with cryptocurrency using their mobile phones — with an app and scannable barcode simplifying how payments are made.

Carlos Robério Sampaio, the chief financial officer of Cootraps, said that the cooperative is looking to reduce bureaucracy and improve the acceptance of bus payments by more citizens. He forecasted an influx of people into bus transport, adding that they will be working to ensure a seamless experience for every user. 

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Source: Bitcoinmagazine