Arcade City is a decentralized ride sharing service set to launch September 1st. It aims to compete with Uber and Lyft.
What makes Arcade City different is that it’s goal is to have the Arcade City network be the service. Riders and drivers will connect via an app and all payments will be automated peer to peer. There will never be a corporate Arcade City setting rates, policies etc. Cryptocurrencies like Bitcoin and Ethereum are set to the be payment methods.
Drivers and riders can name their own price. The market will work it out, in theory.
Arcade City is a test for a decentralized service going head to head vs major for-profit services like Uber and Lyft. Arcade City is a fascinating and ambitious project and one to watch.If you enjoy the content at iBankCoin, please follow us on Twitter