oBike, Singapore’s first indigenous and largest bike-sharing operator shall roll out its exclusive lineage of cryptocurrencies termed as “oCoins” in the coming fiscal. This will help users in earning while they zoom across the city in their bikes. The move portrayed as the very first of its kind globally shall allow users to pay using oCoins for their ideas and recharge their oBike wallets. oCoins can be generated by the users whenever they are riding the oBike. Thus, the longer they ride, the greater is their propensity to earn. oCoins shall have its official launch in the first quarter of 2018 as per a press release dated 26th December, under the joint collaboration of oBike and blockchain platform Tron.
The online content can be purchased by users who can make use of the same in applications launched on Tron’s platform. This brings under its purview popular live streaming application Uplive and audio content community Peiwo.
Also Read: First Cryptocurrency Cafe Launched in Singapore, Accepts It’s Own Crypto Called DUCATUS
TRX, short for TRON cryptocurrency, ranked 18th in the list of top cryptocurrencies as per market capitalisation is owned by decentralised online content entertainment system Tron. With a market cap of $2.2 billion, Tron is currently being traded at S$0.03 on Binance at the time of publishing this article
oBike, a local bike-sharing operator has already developed a rich user base of 10 million users spread across 20 countries in Asia, Europe and Australia whereas South-east Asian users account for another two million. Edward Chen, the chief marketing officer and co-founder of oBike feels pretty optimistic about the introduction of oCoins which he thinks, “will be an attractive proposition for users to continue riding oBike in more ways than one. As a tech company, we are dedicated to bringing better value and benefits to our users through constant innovation and mutually beneficial partnerships.”
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