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China’s Largest Taxi-Hailing App Will Soon Get a Blockchain-Based Counterpart

Remixpoint Inc. Ally with Hinomaru Limousine to Let Travelers Pay for Airport Rides with Bitcoin

Reading Time: 2 minutes by on November 5, 2018 Adoption, Altcoins, Bitcoin, Business, Finance, News
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Remixpoint Inc., the parent company of BITPoint cryptocurrency exchange, which is one of the 16 licensed digital assets trading venues in Japan, has joined forces with Hinomaru Limousine Inc., a local firm that claims to operate a fleet of 362 limos and 161 taxis, to make it possible for travelers to pay for airport rides with bitcoin, reported  Bloomberg on November 5, 2018.

Limos For Cryptos

Per sources close to the matter, Japanese passengers will soon be able to pay for airport taxis and limousines with bitcoin and other digital currencies, as Remixpoint is now working with Hinomaru Limousine Co. to make it possible.

If all goes as planned, the trial service will be rolling out in November 2018 and passengers will be able to pay for limousine rides and taxis between Tokyo and the two major airports in the nation’s capital. Travelers will be able to make crypto payments for rides between Tokyo’s 23 wards and either Haneda or Narita airports, with cryptoassets, sources say.

According to the anonymous sources who disclosed the information to Bloomberg, the supported cryptocurrencies will include bitcoin (BTC), bitcoin cash (BCH) and ether (ETH), with other digital assets to be added in the near future.

Established in 2004, Remixpoint is one of the 16 virtual currency trading platforms licensed by Japan’s financial watchdog, the Financial Services Agency (FSA). Hinomaru is a Tokyo-based firm that claims to operate a fleet of 362 limousines and 161 taxis

Remixpoint Fostering Cryptocurrency Adoption

Despite the recent slump in the price of bitcoin and other distributed ledger technology (DLT) based virtual currencies, Remixpoint firmly believes that cryptos have a lot to offer than just being used for speculative purposes. Its alliance with Hinomaru Limousine is part of a larger plan to foster more widespread cryptocurrency adoption in the country.

Since officially making bitcoin a legal tender, Japan has remained at the frontline of development in the cryptoverse.

Although the nation has received its fair share of cryptocurrency exchange heists, from the Mt.Gox hack to the more recent Coincheck saga, several highly-reputed firms in the country are nonetheless looking to tread the crypto path.

As reported by BTCManager earlier in May 2018, Japan’s SBI group announced plans to launch a cryptoassets exchange called SBI Virtual Currencies, which will initially support some established cryptos like bitcoin, XRP, bitcoin cash, ether, and some others.

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