99 will give bitcoin in cashback payments through your app. Photo: Jurg Kradolfer, Unsplash.
From the 3rd of November, the 99 will allow return of payments (cashback) in bitcoin and purchase of cryptocurrency through your digital wallet. The return is valid for operations such as payment for races, tickets and by Pix. But, users will not be able to pay races with the cryptocurrency.
That’s because, the company said, the service will be available in the transportation company’s 99Pay digital wallet per app, which is separate from the transportation app. To pay for the races you must first convert the bitcoins into reais.
To buy and sell bitcoin, the minimum limit is R$10 and the maximum is R$10k. 99 has informed Blocknews that there will be no brokerage and transaction fees, including for buying and selling bitcoins.
99 belongs to Didi Chuxing, from China, a country that is taking several measures to limit mining and the use of cryptocurrencies in its territory., as published by Blocknews.
The executive director of 99Pay, José Mauricio Orsolini Filho, said that the initiative was very challenging. He also stated that 99’s decision to give cashback in bitcoin was made after a survey that showed that 81% of digital banking users know or have heard of cryptocurrencies.
However, 54% do not invest in digital coins, although they are interested in them. Thus, 99Pay users do not need to be experienced investors or invest large amounts of money in cryptocurrencies, Orsolini Filho said in a statement.
The company did not explain issues such as how much cashback will be on a payment and whether it has partnered with a supplier of the currency or whether it will make the purchase itself.
According to the statement, the 99Pay app will also allow sharing messages with photos, comments and emojis, approaching a social network. In addition, it will allow you to share expenses.
This year, the government of China investigated Didi for alleged misuse of user data and therefore canceled the company’s applications. The decision came after the company went public in New York in late June, when it raised $4.4 billion.
The government of Beijing is studying the nationalization of the company, as well as thinking of doing with other publicly traded technology companies. Alibaba and Softbank are among Didi’s investors.