Authorities at the Kiev City State Administration (KCSA) are reportedly re-examining the merits of adopting Bitcoin (BTC) payments in the city’s public transport system. The move is part of efforts to upgrade Kiev’s public transport infrastructure to meet up with the standards seen in other major cities across the globe.
Accepting Bitcoin on Kiev’s Public Transport System
According to iaftnews, the KCSA is going back to its previous plan of adopting BTC payment in the city’s public transportation network. Inside sources with knowledge of plan revealed:
The question has already been raised in 2018, but this idea had to be temporarily abandoned, given the cost of bitcoin at that time. Now, as you know, bitcoin has fallen heavily in price, which opens up new opportunities.
Back in August 2018, reports emerged that the KCSA planned to launch BTC payments for bus fares within the city. However, the plan failed to materialize but it appears that the city is trying a second time to implement the process.
The introduction of…