Bitcoin Flies High Over Transport Market With Latest Flying Taxies

Don’t we all wish to fly to our workplace in times of extreme delay? Well, that is just going to become a reality with the introduction of flying taxies which will revolutionise the way we perceive daily commuting.  A German start up known as Lilium is being rigorously funded by Freigeist, LGT Banking Group, Obvious Ventures, Atomico and Tencent as it makes strides towards bringing forward an electric driven vehicle which will zoom around the sky loaded with five passengers. Daniel Siegand, the CEO of Lilium has been recognised by MIT Technology Review as one of the most notable under 35 innovators of 2017. The Company also plans to integrate blockchain technology and accepts payments in Bitcoin.

This Munich based company is trying to make travelling on the go easier with five times speed in comparison to traditional transport models plying the city roads. The flying taxi which can be summoned by a gentle push of a button is going to be the first of its kind. Users can pay per ride thus bringing in time saving and affordability under a common umbrella. Save apart the usual traffic jam, flying in the air will surely promise some magnificent views for its riders. As per reports, Lilium has already garnered around US$90 million from Series B funding round. The one thing common in the fund houses propelling Lilium towards its targeted shore are their direct or indirect connections to cryptoworld.

Powered by blockchain technology, the Internet giant Tencent is developing the TrustSQL platform for ushering in flexible blockchain cloud services, enterprise-class blockchain infrastructure and industry solutions. Kin and Q Coin are some of the past crypto initiatives taken up by Tencent. Its WeChat Pay is also one of the biggest mobile payment services popular in the Chinese markets. Users can undertake transactions using the WeChat applications through their Bitcoin wallet.

Another funding house Freigeist, formerly known as e42 integrates Bitcoin in its multi bank app. With Bitcoin prices skyrocketing, air based services such as Polish Airlines LOT, AirBaltic and Daedalus Drones are opening up the floodgate to availing of services in exchange of Bitcoin.

Also Read: Japanese Airline to start accepting Bitcoins by 2017 end.

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