Reading Time
~ 2 minutes
Spread the Word

Adoption of cryptocurrencies expands with rapid steps across the world, regardless of the field of activity. Two transportation companies based in Brazil have begun to accept Bitcoin as payments.

These are the first companies in their field of activity in the country that has adapted to market requirements. One of the two companies contains over 800 buses, while the other one says it owns the most modern fleet in the country.

Brasil Sul and Viação Garcia Accept Bitcoin

The companies that are part of the GBS, Brasil Sul and Viação Garcia have already made the changes regarding the payment on their websites starting June 6.

The companies wrote, “In the country, it is the first group of passenger transports to accept” crypto-based payments, adding that “The group opted, initially, to use bitcoin (BTC), the most popular virtual currency on the market today…[and] by July, two other cryptocurrencies will be accepted: bitcoin cash and litecoin.”

Viação Garcia has been on the market since 1934, becoming the fifth largest transport company in Brazil over the years. The company’s website mentions that “the modern fleet of more than 800 buses runs 5.5 million kilometers per month” and that it owns “has the newest and most modern fleet in Brazil”.

About payment instructions

According to the companies’ explanations made on their websites, when the customer chooses to pay the ticket using Bitcoin, he or she should “open their wallet and scan the code that appears on the site screen”, then confirm the transaction. The customer will receive the ticket via the email address in order to complete the payment and delivery info.

A Brasil Sul bus.

Estefano Boiko Junior, vice president of GBS, says the company’s other activities could also adopt virtual currencies, stating “the transport sector could not be left behind“, and adding that “Cryptocurrencies represent changes in financial relationships. They facilitate purchases online. Many of the economic and commercial operations are migrating to the digital world and the segment of passenger transport by road could not be different.

Read more articles related to this subject:
Notice: The information in this article and the links provided are for general information purposes only and should not constitute any financial or investment advice. We advise you to do your own research or consult a professional before making financial decisions. Please acknowledge that we are not responsible for any loss caused by any information present on this website.