Bitcoins accepted as payment for Brazilian public transport

In Brazil, specifically in Fortaleza, payments in Bitcoin will be accepted by the end of the year for public transport .

Therefore, citizens will have the possibility to buy bus tickets by making the payment both in local currency and in Bitcoin.
This news came out in the local Opovo newspaper , where it was reported that the state passenger cooperative Cootraps aims to reduce bureaucracy and increase the number of passengers. It is also seen as a way to dramatically decrease cash payments.

One of the advantages is being able to pay via an app , where you use the QR code that is recognized by a device on the bus. So, in this way, the purchase will take place all on the smartphone .


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