Major City in Brazil to Begin Accepting Bitcoin for Public Transportation

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Major City in Brazil to Begin Accepting Bitcoin for Public Transportation

Major City In Brazil To Begin Accepting Bitcoin For Public Transportation

Major City in Brazil to Begin Accepting Bitcoin for Public Transportation

Major City In Brazil To Begin Accepting Bitcoin For Public Transportation



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Major City In Brazil To Begin Accepting Bitcoin For Public Transportation

Major City In Brazil To Begin Accepting Bitcoin For Public Transportation
Major City In Brazil To Begin Accepting Bitcoin For Public Transportation
Major City In Brazil To Begin Accepting Bitcoin For Public Transportation

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Comment (5)

  1. Good news. But what technology will they use?

    They must have some kind of scaling technology or the chain would crash and burn and prices would make it unusable.

    Liquid or LN would work. I think Lightning would be a good use case for this, small and typically unidirectional transactions.

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  2. It is interesting to think about how this this will affect the average citizens view on their national currency.

    They will find that the price for a ticket stays the same price in ₿ but that it is getting more expensive quickly in the national currency.

    The powers that may be must have considered this and in a way it is a capitulation because people will now have a very direct comparison of high inflation versus low inflation.

    And they may realize that it might be better to front load their ₿ wallet. And so it weakens the national currency.

    ₿ price is volatile which is a problem. But at least it isn’t guaranteed to lose 50% per year.

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  3. When I think major Brazilian city it’s Rio, São Paulo, Salvador, Brasilia…but any adoption is good adoption.

    What’s wrong with a headline “pretty average sized, little known city accepting bitcoin”?

    View Comment

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Major City in Brazil to Begin Accepting Bitcoin for Public Transportation

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