Venezuelans will be Able to Pay for Taxi Services with Cryptocurrencies
2022.04.17 07:52
Venezuelans will be Able to Pay for Taxi Services with Cryptocurrencies
- As of April 12, this payment option is available in Venezuela offered by the delivery application and Yummy taxi services.
- Users of this service, which is available in the main cities in the center of the country, are pleased with the new payment method.
The delivery and taxi services application Yummy, which operates in Venezuela, is accepting payments in cryptocurrencies through the Binance Pay platform. The announcement was made on the Twitter (NYSE:TWTR) account of the Legal Rocks firm, indicating that Binance had joined the Yummy Rides taxi service.
Then the CEO of Yummy, Vicente Zavarce, confirmed the information and offered more details of the new service.
“Now you can move around with Crypto on Yummy thanks to our new integration with Binance Pay. Ridesharing with stablecoins? Only at Yummy,” Zavarce wrote.
The executive clarified that for now the company will only accept payments with stablecoins such as tether (USDT), one of the most used and commercialized digital currencies in Venezuela.
Before this integration, the Yummy taxi service only offered the option of payments through banking and financial platforms such as Mobile Payment, Yappe, Zelle, credit cards and PayPal (NASDAQ:PYPL).
Responding to user requests
The option to pay for taxi rides with cryptocurrencies through Binance is launched due to the growing use of cryptocurrencies in Venezuela and the requests made by users to the Yummy company.
To enjoy the new payment method available from April 12, users only have to update the Yummy app, where the Binance Pay service is already integrated.
The platform created by the crypto exchange allows you to send and receive cryptocurrencies, including stablecoins, without paying commissions. Payments are made by scanning the recipient’s QR code in the app.
Users of the taxi service are pleased with this integration and hope that crypto payments will be extended to other services such as deliveries, according to the local cryptonoticias.com website.
However, the CEO of Yummy reported that cryptocurrency payments are only available for the transport service. It is not yet clear if payments with Binance Pay will be extended by the company to other services later.
Why You Should Care
- Yummy Rides, which has been operating in Venezuela since July 2021, offers Venezuelans a service similar to that of Uber (NYSE:UBER).
- The racing service is available for cities such as Caracas, Valencia, Maracay and Barquisimeto, but also includes extra-urban transportation to any part of the country.
- The transportation services app is also operational in other Latin American countries such as Chile, Peru, Bolivia, Ecuador and Panama.
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