Taxi Driver First to Accept Crypto Says He Does It For FunDec 12, 2018 at 20:45
A cab driver is making rounds in London as he offers his passengers around the option to pay for his services with cryptocurrency provides the ability to purchase BTC.
Driver Dave Jenkins travels with a device to allow this system. The hardware, manufactured by a company called Fastbitcoins, enables Jenkins to sell BTC for cash and issue a receipt to passengers, making it a service a voucher system that can be redeemed for BTC after the purchase at certain locations.
“You know, you just turn up, get in the cab, hand the cash over and you’ve got your bitcoin and away you go,” Jenkins was quoted in a report by CryptoMedia.
Claiming to be the first cab driver to offer a crypto payment method, Jenkins said direct transactions with him will be much easier for customers than signing up for an exchange or using a crypto ATM in London that might require KYC identification.
Jenkins noted that to hail his cab in the digital world, individuals can contact his Twitter handle and provide him with a pickup location. While being driven to their destination, passengers can purchase BTC from the taxi driver using pounds, euros, and U.S. dollars. However, Jenkins only sells BTC during his regular shift hours which are 9 a.m. to 5 p.m. in London.
Jenkins adopted the system in the aims of getting more people into cryptocurrency, saving them from traditional digital payment systems that he deems are filled with loopholes.
The cabbie admits only generating only a few cents’ worth of BTC for his efforts but doesn’t sell the coins to make money.
He pointed out that “I just enjoy having a go at it.”
“I don’t feel I’m going to become a millionaire out of it. But the more people get into bitcoin and enjoy it,” Jenkins added.