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Have you always wanted to pay for your transportation fare using Bitcoin, Ethereum, or even Tether USD (USDT)?
You are not the only one looking for more real-world use cases for cryptocurrencies. Millions of cryptocurrency enthusiasts and investors have remained bullish on crypto-to-fiat relationships someday.
It seems the anticipated cryptocurrency adoption is coming sooner than we expected because this project called Filipcoin has set huge plans in place to make that work.
HOW CAN THIS BE ACHIEVED?
The real-world cryptocurrency applications proposed by this project would be applied to the transportation industry.
As you know, transportation is one of the mediums for people to spend money. When you now empower them with cryptocurrency payments, they would have more options to settle their transportation fares.
Therefore, Filipcoin is one of the cryptocurrencies to be applied to the transportation industry, starting from the Filipino transportation industry.
HUGE POTENTIALS
Integrating cryptocurrency payments in the Philippine transportation sector is not only the contribution this project would make towards cryptocurrency adoptions in the Philippines.
Instead, it would be the first of the many, because this project has plans to integrate the native coin (Filipcoin) as the primary payment method.
It will interest you to know that the Filipcoin cryptocurrency project would be subject to regulations by some of the financial regulatory bodies in the country. This is because the project believes that being fully regulated is one of the best ways to build trust with the populace while creating a medium for the project to be kept on its toes.
The regulation would primarily be because of the decentralized payment solutions offered via the mobile application – the Filipay app.
The mobile application is designed to help Filipinos to pay for their transportation fares using the native currency – the Filipcoin.
In light of that, the app would be regulated by the Central Bank of the Philippines. The regulation would be focused on many important financial areas, such as Combating the Financing of Terrorism (CFT), and Anti-Money Laundering (AML).
WHAT CAN I DO WITH THE APP?
The Filipay mobile application is both a medium to pay your transport fares, as well as a means to book a ride.
Here are some of the benefits of using the app for a wholesome transportation experience in the Philippines:
- BOOK A RIDE
The first thing you can do is book a ride. The Filipcoin team has already partnered with some of the notable transportation service providers and authorities in the Philippines.
That way, the users of the Filipay mobile application can have multiple options to select from.
Some of the transportation systems you can access via the app include:
Taxi
Bus
Ship
UV Express
Tricycle
CRYPTOCURRENCY PAYMENTS
The Filipay mobile application can also be used to pay the fare for any of the transportation systems you used, as outlined above.
FINAL WORDS
Filipcoin is on a mission to decentralize the Philippine transportation industry and make it attractive for blockchain and cryptocurrency applications.
Would you want to spend your crypto assets on transportation? This is the opportunity to do so!
USEFUL LINKS:
Website : https://filipcoin.com/
Twitter : https://twitter.com/filipcoin
Facebook : https://www.facebook.com/filipcoinfilip/
Telegram : https://t.me/filipcoinfilip
AUTHOR
Bitcointalk Username- Dividesug
Bitcointalk Profile- https://bitcointalk.org/index.php?action=profile;u=2767685;sa=summary