A new ride sharing service called Arcade City allows ride-seekers to connect directly with drivers through publicly available software, Ethereum and Blockchain. The smart phone application, set to launch in February 2016, asks riders to pay drivers what they believe is fair. Drivers keep 100% of the fare when paid on a peer-to peer-basis and pay a 10% fee if remunerated through the gamified Arcade City app, which offers attractive perks.
Arcade City founder Christopher David previously worked as an Uber driver In Portsmouth, New Hampshire, where ride-sharing companies were banned in September 2015. David designed this business model in response. In the early hours of New Year’s Day, Arcade City drivers promoted their service in Portsmouth by offering 100 rides on a pay-as-you-please basis. Uber in contrast designs how prices are set, takes a 20% to 25% cut of profits, and are answerable to investors seeking to maximise profits. David told Coin Telegraph that the feedback so far from “drivers, riders, developers, potential regional leaders, and strategic partners has been overwhelming”.