FirstGroup investor Coast Capital makes some reasonable points

Half a decade ago FirstGroup could boast it was “one of the world’s great transport groups”. That, at least, was the line used by Martin Gilbert when he bowed out as chairman after 27 years and, broadly speaking, it was correct. FirstGroup had grown from a few regional bus routes in Scotland to become very big in the UK and […]

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Iota Partners With Jaguar Land Rover on Crypto Rewards Program, Price Jumps 20%

United Kingdom car manufacturer Jaguar Land Rover will use blockchain network Iota to reward drivers with cryptocurrency for data reporting, the companies confirmed in a press release on April 29. Part of a plan to gather better information on road conditions and vehicle performance, Jaguar will distribute Iota’s Iota tokens to Smart Wallets tied to participating drivers. The drivers will […]

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Lyft might eventually make money — but it could take 7 years to get there, analyst says

Lyft, the ride-hailing app that went public last month,lost $911 million last year. One analyst who initiated coverage of the stock this week said the company could eventually turn a profit, but that it could take seven years. The question of profitability, along with stiff ride-hailing competition, lies at the heart of many analysts’ concerns about Lyft’s viability in the […]

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Argentina: Bitcoin Now Accepted for Public Transport in 37 Cities

Public transport riders in 37 localities across Argentina can now add credit balance to their SUBE travelcards with bitcoin. This comes through a collaboration between Alto Viaje, who provide the travelcard-loading platform, and Bitex, a fintech company. Buenos Aires Commuters Can Pay in Bitcoin This may be a small step for Bitcoin, but it is a giant leap for crypto-kind. The integration […]

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Blockchain Firm Seven Stars Cloud to Raise $24 Billion for Chinese Bus Upgrades

Seven Stars Cloud will offer its blockchain services to help secure multibillion-dollar financing for a large Chinese transportation project. Digital asset firm Seven Stars Cloud (SSC) said it has signed an agreement to secure a $24-billion funding for a large-scale upgrade of bus services in China, offering blockchain-based asset digitization services. Under a three-year contract with electric buses operator National […]

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