Taxi Driver ‘Crypto Cabbie’ From London Sells Bitcoin To Clients Using The Fastbitcoins Device

Taxi Driver From London Sells Bitcoin To Clients

There are many different ways to purchase virtual currencies nowadays. There are trading platforms, applications and stores that sell them, but what about taking a Taxi and purchasing virtual currencies? Decrypt Media released a story in which they tell how it is possible to purchase virtual currencies from the back seat of a Taxi in London.

The name of the Taxi driver is Dave Jenkins and is known as the crypto cabbie. Once the client is inside the taxi, it will have a touchscreen in which it is possible to purchase Bitcoin in real-time with cash.

The system has apparently been created by a UK-based company that is called FastBitcoins. In this taxi, it is possible to purchase Bitcoin without having to provide all the information that other platforms such as Coinbase or Bitstamp ask at the time of registering. Passport, phone number or address are not needed here. As soon as the client gets in the cab it can start purchasing virtual currencies.

According to the founder of FastBitcoins, Danny Brewster, the main intention is to expand the point-of-sale terminals to retail stores in the country. In order to do so, he is already talking with some companies and businesses that had 20,000 locations worldwide.

The taxi driver is also not a newcomer to the crypto space. He started accepting Bitcoin for taxi services back in 2017, when the crypto market was growing at very fast rates. Although the market has been in a bear trend this year, Jenkins says that he does not care about how Bitcoin performs in the market.

“I don’t care about the price of bitcoin,” he commented. “I only care about owning bitcoin itself. Bitcoin to bitcoin, Satoshi to Satoshi, whatever.”

Brewster explains that the current moment could be the best time to launch a crypto-related business, because if it survives, then it can build an efficient model for a future bull run.

The bitcoins that are sold through this platform are provided by FastBitcoin and its reserves. However, Jenkins takes a 6% commission fee, that is less than what an average Bitcoin ATM takes. Although he knows that he will not become a millionaire by selling BTC, he allows new individuals to enter the market and have contact with Bitcoin.