Manila, Philippines, January 10, 2025 – Cash.ph, the main cryptocurrency change within the Philippines, has partnered with international ride-hailing app inDrive and decentralized mapping community Hivemapper to deploy the primary fleet of blockchain-powered ride-hailing automobiles in Manila.
Wei Zhou, CEO of Cash.ph, emphasised the partnership’s international significance and its influence on drivers, “Cash.ph is happy to pioneer this groundbreaking collaboration along with inDrive and Hivemapper. By layering token rewards on high of ride-hailing companies, we’re giving drivers a solution to increase their earnings from work they’re already doing. This aligns with our mission to empower Filipino communities by means of crypto.”
The collaboration harnesses Decentralized Bodily Infrastructure Networks (DePIN), a cutting-edge expertise that connects bodily companies like transportation to blockchain networks, creating new methods to earn and share worth. Moreover, the launch of this initiative locations the Philippines among the many first international locations globally to implement DePIN in a real-world context, highlighting the nation’s dedication to embracing innovation.
Throughout a press occasion at inDrive’s headquarters in Quezon Metropolis, representatives from all three corporations shared insights into how this partnership permits drivers to generate further earnings by gathering and sharing real-time mapping knowledge.
Mark Tolley, inDrive Regional APAC Director, expressed enthusiasm for the progressive collaboration, stating, “This partnership with Cash.ph and Hivemapper represents a major step ahead in integrating blockchain expertise into on a regular basis companies. By empowering our drivers with new earnings streams by means of decentralized mapping, we’re not simply enhancing their incomes potential but in addition contributing to a better, extra linked world. As a people-driven firm, inDrive is all the time in search of methods to help our drivers and enhance the general expertise for each drivers and passengers. This initiative underscores our dedication to leveraging cutting-edge expertise to create worth and drive constructive change within the communities we serve.”
Hivemapper’s dashcam-like units are put in in inDrive autos to gather mapping knowledge. This knowledge contributes to an open, up-to-date map of the world, and drivers earn $HONEY tokens as a reward for his or her contributions. Drivers can simply handle their tokens inside the Cash.ph app, permitting them to be securely saved, transferred, or exchanged to pay payments and different each day requirements.
“Each rideshare driver is aware of the ache of an outdated, inaccurate map,” stated Ariel Seidman, co-founder of the Hivemapper Community. “For many years, drivers have simply needed to wait for giant tech corporations to gather recent map knowledge, however Hivemapper permits them to passively enhance their native map and earn rewards alongside the best way. We’re thrilled to companion with Cash.ph and inDrive, which share our dedication to creating on a regular basis driving extra rewarding than ever earlier than.”
The profitable deployment of this blockchain-powered fleet demonstrates the potential for blockchain expertise to remodel real-world companies and create tangible impacts in individuals’s day-to-day lives. Cash.ph, inDrive, and Hivemapper are dedicated to increasing this initiative, exploring new methods to boost transportation and promote monetary empowerment not simply within the Philippines however around the globe.
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About Cash.ph
Cash.ph is on a mission to energy the brand new web with quick access to digital belongings and web3 merchandise. Launched in 2014, Cash.ph is probably the most established crypto model within the Philippines and has gained the belief of greater than 18 million customers. Via the easy-to-use cell app, customers should buy and promote quite a lot of completely different cryptocurrencies and entry a variety of monetary companies.
Cash.ph is absolutely regulated by the Bangko Sentral ng Pilipinas (BSP) and is the primary ever crypto-based firm in Asia to carry each Digital Foreign money and Digital Cash Issuer licenses from a central financial institution.
About inDrive
inDrive is a worldwide mobility and concrete companies platform headquartered in Mountain View, California, USA. The inDrive app has been downloaded over 200 million occasions and was the second most downloaded mobility app in 2023. Along with ride-hailing, inDrive offers an increasing listing of city companies, together with intercity transportation, freight supply, job help, courier supply, and employment search.
inDrive operates in over 700 cities in additional than 46 international locations. It helps native communities by way of its peer-to-peer pricing mannequin and group empowerment packages, which assist advance schooling, sports activities, arts and sciences, gender equality, and different important initiatives.
For extra data go to www.inDrive.com.
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