Determining whether or not your current – or future – job is the right one for you, depends on quite a few different factors. Some employees value flexibility more than others, whereas most people stay at their current job because of the high wages. For others, room for growth is the main factor for staying on board or jumping ship. But in the on-demand economy, none of these factors are even remotely guaranteed.
The sharing economy has become more important in the daily lives of consumers all over the world. While established services such as Uber and Lyft are trying to break ground overseas, there is some stiff competition arising in China. Didi Kuaidi, the main competitor for Uber in China, received the country’s first official operating license for an internet-based private driver service.
Make sure to read: Bitcoin Boosts Number of Non-Cash Payments In Asia
The idea of a “sharing economy” is gaining more and more ground in various aspects of everyday consumers’ lives. Not only can you use services like Uber and Lyft to get a ride to anywhere, at any given time, but platforms like AirBnB make it possible to find far cheaper accommodation while travelling. One sector that has been neglected for quite some time now, is public transportation. Easiway wants to tackle this problem head-on, albeit its efforts will start locally.
Even though Uber is still not keen on embracing Bitcoin as a payment method for their drivers, that isn’t stopping the drivers themselves from getting creative. Technically speaking, Uber drivers cannot accept tips from customers, as a 20% tip is already included in the final payment amount. However, Vugo might change all that, as Uber customers can pay drivers in Bitcoin, rather than using cash.
The city of New York is known for its rash decisions at times, especially when it comes to attempts at regulating decentralized and disruptive technologies. Bitcoin regulation in New York, still requires improvement, but it looks like the city council has learned its lesson. After a spat between New York and Uber, both parties managed to come to a last-minute agreement to evaluate the situation further.
Further Evaluation Of The Situation Is Warranted
Technological innovation is accelerating at an alarming speed in recent years, causing many headaches for governments, city officials, and regulators. Bitcoin has been the centre of a year-long study on how to regulate it in the city of New York; the end result has led to a small exodus of Bitcoin companies due to harsh and rash regulatory compliance requirements.
One of the major Bitcoin stories of the past week has been on whether or not Uber is planning to integrate Bitcoin payments in the future. Whereas it was hinted at first that Bitcoin integration is on the to-do list, Uber quickly decided to counter that statement with an official press release. However, that is not keeping Uber drivers from collecting Bitcoin tips.
Uber Drivers See The Benefits of Bitcoin
Even though Uber is one of the world’s most popular – and hated – decentralized services to this very date, their choice of payment methods strikes many people as rather odd. Granted, customers need to have a convenient way of paying for their rides, and by integrating mobile payments, Uber has taken a big step in the right direction.
The decentralization revolution is upon us, and multiple services are embracing the ideology of cutting out the middleman. Some of these services are more popular than others, such as AirBnB & Uber. And the latter company is currently working on implementing a Bitcoin payment option, according a post on Reddit.
Uber Allegedly Working on Bitcoin Payments
One of the main reasons why Uber is loved by many – and hated by almost equally as many – people is because it provides a very simple service. And that service is finding a ride from point A to point B, at the cheapest rate possible. It should come as no surprise to you that Uber is facing quite a bit of backlash in various countries around the world.