VITECOIN - RIDESHARING FOR THE BLOCKCHAIN GENERATION

In the last few years, we have countersigned exceptional development of the ridesharing economy, with no sign of slowing down. Made possible by the massive growth of smartphone adaption and internet connectivity across the world’s emerging markets, the ridesharing economy is anticipated to develop eightfold by 2030 to $285 billion. In 2017 alone, more five billion rides were completed. The user base of ridesharing services is anticipated to produce up to 500 million by 2021. Simultaneously, the number of young people without vehicles continues to produce.

What is Vitecoin?
Vitecoin (VT) is the digital currency that will be used as a direct settlement layer between riders and drivers via direct wallet transfer after a ride is successfully completed. The currency can be purchased with fat or other cryptocurrencies. Vitecon is automatically transferred from the rider’s VT wallet to the driver’s VT wallet. At the tap of a button, drivers have the option to either store their income or transfer it to a Vite-compatible exchange in order to cash it out.

Vite Vision:
To tokenize payments in the global ridesharing industry by making Vitecoin (VT) the leading digital currency settlement layer between riders and drivers, removing the hassle of carrying cash and credit card fees. Additionally, Vite’s social impact model has been designed to benefit society and create mutually enriching experiences for riders, drivers and cities. This creates a vastly improved market alternative compared to the existing profit-oriented mercenary ridesharing companies.

Vite Mission:
To promote massive growth of smartphone adaption and internet connectivity across the world’s emerging markets on blockchain technology with ridesharing for the blockchain generation that can effectively actualize the vision of Vitecoin.

How does it work?
Raiders will be able to purchase Vitecoin token with fiat or credit card. Drivers can cash out using an exchange or at the nearest Vite office. Once the platform becomes very popular, credit cards will be dissolved and Vitecoin will be the only accepted medium in turn increasing the demand for the token Ethereum payment gateway and exchange integrations will power the payment feature.

Unique Business Model
We aim to create a win-win situation by distributing value fairly amongst riders, drivers and cities. First of its kind, our all-inclusive, mutually beneficial model will bring a new paradigm shift in the ridesharing economy and solve a lot of the glaring issues that have arisen from mercenary ridesharing services.

The Vite Platform (MVP)
Vite App, available on android and iOS, is a mobilephone application that facilitates P2P (peer-to-peer) ridesharing by connecting passengers who need a ride with drivers who have a car at the tap of a button. Vite App uses location sharing technology and a set of algorithms to match passengers to the closet available private or taxi driver on the network, enabling riders to access convenient and comfortable personal transaction services. The beta version has been successfully beta tested with select customers in Mauritius. Our revolutional inbuilt Vitecoin payment wallet will be accessible on both rider and driver apps prior to the launch in August.

Business Development and Marketing
After the ICO is completed, the service will roll out publicly in Mauritius and across 14 major cities in Southern African with a collective population exceeding 277 million people. Before launching in a new city, we will dedicate a third of the year to drive social awareness about our launch and create drivers for recruitment programs. Drivers who join the service in the early days will be tasked with bringing other drivers for special discounts and benefits. Southern Africa, our first market contains some of the Africa’s biggest and most developed cities. Southern Africa alone receives 40% of the continent’s annual tourist arrivals and there is always a massive need for taxis and on-demand transportation. Vite will eventually expand across major cities in mainstream Africa and Asia with a population of 1 million and more.

For further relevant information about this exceptional project, Please visit the links below.

Website: http://viteapp.co/
Whitepaper: http://viteapp.co/assets/docs/Vite_Whitepaper_Draft.pdf
Twiter: https://twitter.com/vite_app
Facebook: https://www.facebook.com/viteapp.co/
Telegram: https://t.me/vitetoken
Medium: https://medium.com/@Vitecoin
Youtube: https://www.youtube.com/channel/UC0-P3Sgj17PFOyMdXIjP9XQ
Author: Bentadem11
My Bitcointalk profile: https://bitcointalk.org/index.php?action=profile;u=1530135
My Ethereum Wallet Address: 0xC12c4ce6f433C2b39494aE9460055E76D828e34c