Vite is a new generation ridesharing platform that is built on blockchain and is powered by Vitecoin. This imitative is mainly concerned with improving the transportation system in emerging cities in Africa, Asia, and Europe while also targeting to benefit the society. This is a dream come true to riders as they will be able to get a ride easily at affordable prices. Moreover, they will be paying their services through Vitecoin and not credit cards and cash that makes them vulnerable to criminals and fraudsters. The drivers will also increase their income, unlike the usual 25% that they normally take home which is not enough to take care of their family. This is how Vite platform is going to make a difference in the transport system especially in Africa, Asia, and Europe:
Eliminate counterfeit and identity theft
In the recent past, the circulation of counterfeit currency has not only been a serious threat to financial institutions but ridesharing services as well. This has mainly been triggered by the fact that there are a lot of developments regarding photographic, printing as well as computer technologies. Cheap production equipment for counterfeit currency is also readily available in the market thus making the theft quite common. By making its Vitecoin the primary currency within the ecosystem, the issue of counterfeit cash will be a story of the past.
Circumvent fees on credit cards(banks)
Overdrawn bureaucracy procedures that come with your credit cards make the whole aspect quite complicated especially when it comes to acquiring and using one. This is mainly because these cards are vulnerable to theft, fraud, and misuse. It is also important to mention that using credit cards to pay for your ride is expensive because other than the normal chargers that you are supposed to pay for the service that you have just acquired, the bank will also deduct some fee on every transaction that they process. Vitecoin is getting rid of this aspect and replacing it with a seamless as well as the direct transfer of Vitecoin from a specific rider to the driver. The driver will, therefore, have options to choose from retaining the payment on his wallet as well as cash it out
Enhance driver and rider safety
Did you know that attacks on riders as well as drivers carrying cash have been rampant especially in the emerging markets? Through token payments, drivers and riders will be protected against fraud, hack as well as criminals.
Borderless payment fast growth
It is expected that Vite is going to experience a rapid growth following the fact that it has introduced Vitecoin as a universal currency which will be accepted by all drivers as well as riders from across the world who are using Vite platform. This means that Vite’s services are going to gain popularity not only in the emerging markets but throughout the world because riders will enjoy borderless payments with low transactional fees. That is why Vitecoin is the present and the future superior payment solution that rideshare services have been looking for all this long.
Website: http://viteapp.co
Telegram: https://t.me/vitetoken
Whitepaper: http://viteapp.co/assets/docs/Vite_Whitepaper_Draft.pdf
Twiter: https://twitter.com/vite_app
Facebook: https://www.facebook.com/viteapp.co
Medium: https://medium.com/@Vitecoin
My Bitcointalk Username : marcuscolin
My Bitcointalk profile link : https://bitcointalk.org/index.php?action=profile;u=1781890
