Bitcoin Bike-sharing?

Phoenix

New member
The latest business trend is to provide Bike-sharing services. It's now a very popular business model in my country, Singapore - there is more than three operators already, and counting. However, I've yet to find any company which accept Bitcoin (or any other cryptocurrency - if their CEO hates Bitcoin).

I wonder how long would it takes these companies to see the value of Bitcoin and accept it as a form of payment. Meanwhile, will there be any new companies coming out that focuses their business on Bitcoin only*?

The only way that I think I am able to rent a bike with Bitcoin would be to buy a Bitcoin debit card and then use it. It would really be good to see bike-sharing operators start accepting Bitcoin. Anyone agree (or disagree)?

* I recently read about BitBike and their peer-to-peer bike sharing model is quite impressive - sadly they do not have option for me to vote for my city.
 

Cole

Member
Bike sharing ! Here in my country we were having habit of providing ride for free of cost. But after many notorious incidents of robbery in the name of asking free ride, now a days we do not allow random people to enter into our car/bike. Still you are coming up with great idea of providing bike sharing for bitcoin payments. I believe this community will definitely welcome.
 

Jair

Member
Bike sharing and bike stations have become much more prominent in the United States as well. Since this is a very particular market, I think that we would have to wait until Bitcoin is accepted more on a wide-scale basis. When major retailers begin accepting BTC as payment, we can hope that these smaller services will slowly join the trend.
 

Ahmir

Member
Bike sharing ! Here in my country we were having habit of providing ride for free of cost. But after many notorious incidents of robbery in the name of asking free ride, now a days we do not allow random people to enter into our car/bike. Still you are coming up with great idea of providing bike sharing for bitcoin payments. I believe this community will definitely welcome.
That is so nice of the people in your country! I have never in my lifetime been offered a free ride by a stranger - even if I am offered, I will reject because it looks very suspicious. Do you mind telling us where are you from?
Bike sharing and bike stations have become much more prominent in the United States as well. Since this is a very particular market, I think that we would have to wait until Bitcoin is accepted more on a wide-scale basis. When major retailers begin accepting BTC as payment, we can hope that these smaller services will slowly join the trend.
That is partially right. For new businesses, accepting Bitcoin is kind of like a big risk and they should only do so when accepting Bitcoin is the norm. However, risk is part of running a business.

Since these Bike sharing services always utilize smartphone application (at least for my city) with internet connection, I don't see why it is a problem to integrate some Bitcoin payment gateway into the application. Gateways like BitPay even allow business to accept Bitcoin and convert them to fiat straight away - at least from what I heard
 

Giovanni

Member
Bike sharing ! Here in my country we were having habit of providing ride for free of cost. But after many notorious incidents of robbery in the name of asking free ride, now a days we do not allow random people to enter into our car/bike. Still you are coming up with great idea of providing bike sharing for bitcoin payments. I believe this community will definitely welcome.
That is so nice of the people in your country! I have never in my lifetime been offered a free ride by a stranger - even if I am offered, I will reject because it looks very suspicious. Do you mind telling us where are you from?
Bike sharing and bike stations have become much more prominent in the United States as well. Since this is a very particular market, I think that we would have to wait until Bitcoin is accepted more on a wide-scale basis. When major retailers begin accepting BTC as payment, we can hope that these smaller services will slowly join the trend.
That is partially right. For new businesses, accepting Bitcoin is kind of like a big risk and they should only do so when accepting Bitcoin is the norm. However, risk is part of running a business.

Since these Bike sharing services always utilize smartphone application (at least for my city) with internet connection, I don't see why it is a problem to integrate some Bitcoin payment gateway into the application. Gateways like BitPay even allow business to accept Bitcoin and convert them to fiat straight away - at least from what I heard
Interesting. The bike share service I was thinking about that runs in the US (I'm forgetting the name right now) has stations in different areas. You can basically grab a bike from one "station" and drop it off at another station in the city. These services use physical payment I believe, like credit card or cash.
 

Kingston

Member
You could write an email to one of the operators that work in your city. I'm sure if there was enough support for BTC adoption then they'd implement it. The only issue I could see them having is with the delay of unconfirmed transactions and needing the hikes to be released immediately.
 

Calvin

Member
To open a business accepting only BTC is too risky... You need to be open to all payment methods otherwise you will lose money. I think no one is going to do this, at least for now, and if so, it's going to happen for a ideal and not for profit exclusively.

About this bike-sharing business: Don't you fear to have your bike stolen? Is there any guarantee?
 

Stone

Member
Bike sharing would be ideal to spend bitcoins on. Get a security deposit that can't be refunded. Perfect. I think the same should go for hotels, car sharing, etc. This wouldn't work at all where I'm from, but if you apply this to car sharing then absolutely!!
 

Maxwell

Member
Definitely a good business model to implement Bitcoin or any other crypto currency. I think it will bitcoin will best after the segwit as the transaction will be faster and cheaper. Although the security is an issue with Bike sharing or car sharing, it is a good thing to lesser the pollution.
 

Diego

Member
Definitely a good business model to implement Bitcoin or any other crypto currency. I think it will bitcoin will best after the segwit as the transaction will be faster and cheaper. Although the security is an issue with Bike sharing or car sharing, it is a good thing to lesser the pollution.
Their is always risk in any business you have to take some security steps like, take their identity proof after they show original one. First you should check the persons details so that it should not be that fake proof is given and then they stole the bike. So like their are so many risks which have to be cleared before going for this business.
 

Ivan

Member
* I recently read about BitBike and their peer-to-peer bike sharing model is quite impressive - sadly they do not have option for me to vote for my city.
Hi,

Bitbike is here
Smiley


We just added Singapore, so now you can vote
Smiley
On the site you can add any city (but it's not very clear, we will change it).

We will launch our project in the spring of 2018 in the 5 most popular cities in the world by voting results on bitbike.me. Vote for your city, invite your friends to vote and maybe Singapore will be one of the first
 

Juan

Member
* I recently read about BitBike and their peer-to-peer bike sharing model is quite impressive - sadly they do not have option for me to vote for my city.
Hi,

Bitbike is here
Smiley


We just added Singapore, so now you can vote
Smiley
On the site you can add any city (but it's not very clear, we will change it).

We will launch our project in the spring of 2018 in the 5 most popular cities in the world by voting results on bitbike.me. Vote for your city, invite your friends to vote and maybe Singapore will be one of the first
Really? Maybe it is not in my country yet. I don't know the full details about bitbike sharing though. I want to know further on this. In my view, it is maybe bitcoin will be shared by dual or large group of people when it comes to selling in the market. If it is available in my country,then I will vote for it
 

Ashton

Member
The latest business trend is to provide Bike-sharing services. It's now a very popular business model in my country, Singapore - there is more than three operators already, and counting. However, I've yet to find any company which accept Bitcoin (or any other cryptocurrency - if their CEO hates Bitcoin).

I wonder how long would it takes these companies to see the value of Bitcoin and accept it as a form of payment. Meanwhile, will there be any new companies coming out that focuses their business on Bitcoin only*?

The only way that I think I am able to rent a bike with Bitcoin would be to buy a Bitcoin debit card and then use it. It would really be good to see bike-sharing operators start accepting Bitcoin. Anyone agree (or disagree)?

* I recently read about BitBike and their peer-to-peer bike sharing model is quite impressive - sadly they do not have option for me to vote for my city.
As long as there is not a big demand to guarantee that then business will not start accepting bitcoin, business are created to make money so if there was a lot of bitcoin users wanting to share bikes then you can be sure the owners will be pushing for bitcoin adoption, but since that is not the case then I think it is going to take a lot of time for that to happen.
 

Kaiden

Member
It sounds interesting. Bike-sharing is quite popular in my country on warm period of the year. It would be nice if they start to accept bitcoin as a payment. But, if they would accept only bitcoins, I can't imagine how they would find customers to keep business alive. BTW, I think we should also include car-sharing business, because it's very similar sphere, but it's available on all seasons.
 
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