Actually, it is not surprising, when a new alternative coin is entering the stage. It might be based on a web meme, a famous person, be considered as a pump and dump scheme or have great financial ambitions as Bitcoin. The Taxi Coin presents a different approach; it would like to change the situation in the taxi and car hire industry.

The group working on the new currency consists of many people around the world – among them are developers, engineers, plain enthusiasts and initial users contributing to the final success. The spokesperson that has already given some interviews provides a name Chad B., but it does not reveal much about the country of origin of the idea or anything else.


The Idea and Basic Principles


The Taxi Coin aims to provide the customers of carting services with a new payment method completed using smartphones. Similar apps exist for traditional – both fiat and electronic assets – but this is a new cryptographic solution. The cities requiring such approach are the biggest and most crowded ones – New York, London, Seoul, Berlin, Moscow – with numerous companies providing taxi services.