Quote from: HenryRomp on August 10, 2017, 04:12:08 AM

So why do you guys need to have PRVD tokens for this to work? Couldn't you make a decentralized Uber type system that is powered by bitcoin transactions instead of making a new token?

PRVD tokens are utility tokens that the platform uses as fuel to power all transactions in the app (the fares paid to drivers are actually paid in the driver's currency off choice as long as its supported). We are planning to support BTC transactions and USD too for that matter-- behind the scenes PRVD tokens are bought and sold on the market as needed.

The reason this is a good fit for blockchain is to enable transparency and dramatically reduce centralization.

Here is one scenario:

Drivers who want to speculate on the price of BTC might elect to be paid in BTC instead of USD. Someone in need of a ride could use a credit card to pay USD into the platform, which will exchange those dollars for PRVD tokens behind the scenes and then exchange those PRVD tokens for BTC on the open market.