Vite is a new creation peer to peer ridesharing platform that is built on blockchain and is powered by Vitecoin. This platform is soon making cash and credit cards as well as low commission earned by drivers a story of the past. Moreover, the platform is mainly concerned with your security that is why it is introducing Vitecoin alongside blockchain to enhance your experience while on this platform. The platform aims to create a win-win situation by evenly distributing its value amongst drivers, riders as well as cities. This platform is all-inclusive so that everyone benefits. For instance, the platform is going to benefit from the little commissions on every transaction, the drivers on the other side are going to get more customers as well as increasing their income as their commission is likely o increase and the cities are going to benefit from the employment that is going to generate revenue for development.
This initiative is going to solve most challenges facing the ridesharing system that is mainly caused by mercenary ridesharing services.
The impact of Vite’s business model on the rider
Following the fact that this platform has already partnered with some of the best taxi companies as well as private drivers, riders will no longer wait for drivers for long. As a matter of fact, they are going to enjoy faster services at affordable prices. Moreover, due to the introduction of Vitecoin as the primary currency within the platform, the riders are now going to enjoy security as they will no longer have to carry cash and credit cards around that make them vulnerable to hooliganism.
Impact of Vite’s business model on Drivers
Other than increasing their income unlike the 25% that they used to earn making them unable to provide properly for their families, Vite is also establishing the drivers’ empowerment program that is going to be a game changer to them. This program will ensure that each and every driver earn enough to meet their needs, have savings as well as acquire that financial freedom that they have been yearning for. This will be unlike the 25% cut that they go through on other platforms, this platform will only make them commit just 5-10% into Vite Impact Fund and allow them to keep the rest.
Vite’s business model on cities
Following the fact that Vite is mainly targeting the emerging cities, it is going to create job opportunities especially for the open minded taxi drivers as well as private drivers who are looking forward to making more money. Through this, the city is going to benefit from the collection of revenue that is going to be used towards its development.
The social impact of Vite’s business model on cities
As mentioned earlier, Vite is going to make drivers to commit only 5-10% of their income to VIT of which 1% will be used to support SME as well as promote road safety initiatives in all the emerging cities that Vite is investing in. this move will see most cities prosper
Website: http://viteapp.co
Telegram: https://t.me/vitetoken
Whitepaper: http://viteapp.co/assets/docs/Vite_Whitepaper_Draft.pdf
Twiter: https://twitter.com/vite_app
Facebook: https://www.facebook.com/viteapp.co
Medium: https://medium.com/@Vitecoin
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