A New Ride Hailing App Rolls Out In S’pore – Offers Fair Pricing For Users, And Zero Commission …

The recent consolidation of the two major ride hailing players and the rapid advancement of the distributed ledger technology makes it possible for us to offer our platform to create a transparent and accountable mobility ecosystem that rewards all participants,” said Kay Woo, founder of MVL Foundation.

With the recent consolidation of Grab and Uber, many fear that the lack of competition will once again drive up transportation prices in Singapore.

Enter MVL Foundation Pte Ltd (Mass Vehicle Ledger, MVL), which recently launched Singapore’s first decentralised peer-to-peer on-demand ride hailing service through the MVL mobile app.

This new app is a complete game-changer with its new business model – it charges a small transaction fee for the maintenance of the platform, and zero commission on all rides.

Ultimately, it wants both the driver’s income and commuter’s fare to be protected and competitive without compromising on the quality of the ride service.

This is made possible by the mobility data-ecosystem underpinned by the blockchain technology that MVL is currently developing called MVLchain.

This service is expected to be fully rolled out over the next three months.

What Is MVL?

The MVL Ecosystem records core data related to driving, accidents, repairs and other car-related transactions on a blockchain, connecting many businesses, services, and people in the vehicle-related industries.

Participants who provide data related to automobile will receive MVL Point (MVP), a reward system used to encourage contribution to the ecosystem.

“MVL connects services that touch your car and collects your ride’s lifetime data. We give points to those who help out along the way, like your sales guy, you for driving and giving reviews, repairmen, used car-dealers and scrappers,” said the company in an introductory video.

By doing so, it incentivises safe driving and good services while placing vehicle-related data on the blockchain.

MVL aims to connect three main participants together, including individual drivers, ride sharing service providers, and mechanics. Here’s how each participant will interact with the platform:

MVL’s incentive model
  • Individual drivers can earn MVP points in exchange for their safe driving activity
  • Ride sharing providers can earn MVP points in exchange for safe driving and good service
  • Mechanics can earn MVP points in exchange for providing accurate repairs as recorded on the blockchain

“MVL practices a distributed economy, or deconomy, where safe drivers, friendly chauffeurs, honest mechanics and other diligent data providers are fairly rewarded.”

“In the future, MVL plans to broaden its horizons to connect services such as bike or motorcycle sharing services and collect different types of data.”

How Does MVL Blockchain Mobility Coin Work?

Image Credit: MVL

There are two tokens in the MVL platform, including MVP and MVL tokens.

MVL tokens function as payments between service providers and customers. You pay MVL tokens to a mechanic in exchange for repairing your car, for example, and you pay ride sharing providers MVL tokens in exchange for driving you somewhere.

MVP points, meanwhile, are like a reputation-based incentive system distributed through all participants in the ecosystem. MVPs are not transferable and not available for trading.

You can only use MVP to purchase MVL coins, which are transferable and are available for trading in the MVL ecosystem.

The ecosystem can be used by more than just drivers, passengers, and mechanics. Anyone who provides services to cars and drivers can participate in the MVL ecosystem.

“MVL will collect data on all aspects of mobility services, such as providing reviews and driving, as well as vehicle data collection,” said Kay Woo, CEO of MVL.

“In the future, MVL plans to broaden its horizons to connect services such as bike or motorcycle sharing services and collect different type of data.”

The Brains Behind MVL Foundation

The team behind MVL Foundation is no stranger to the mobility ecosystem.

They are known for easi6, which provides reservation services and is connected with more than 25,000 vehicles all over Asia.

The team has been developing the product over the last four years, and it was recently deployed to support the PyeongChang 2018 Olympic Winter Games as one of the transport partners.

“We are delighted to serve Singapore’s drivers and commuters. The recent consolidation of the two major ride hailing players and the rapid advancement of the distributed ledger technology makes it possible for us to offer our platform to create a transparent and accountable mobility ecosystem that rewards all participants,” said Kay Woo, founder of MVL Foundation.

“We believe we can create value and impact at the heart of Singapore’s mobility ecosystem, the people, by making commuter fares fair and for drivers to receive equitable rewards for their services.”

MVL application open to public

Following this announcement, the company will be actively engaging regulators, fleet owners, drivers, and commuters on April 26 at JustCo, Marina One.

They are also looking at establishing a core local team in Singapore, including hires in senior position over the next couple of weeks.

Featured Image Credit: MVL

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Metaverse ETP (ETP) Price Up 23% This Week

Metaverse ETP can be purchased on the following cryptocurrency exchanges: RightBTC, HitBTC, EXX, Bitfinex and OpenLedger DEX. It is usually not presently possible to purchase alternative cryptocurrencies such as Metaverse ETP directly using U.S. dollars. Investors seeking to trade Metaverse ETP …

Metaverse ETP logoMetaverse ETP (CURRENCY:ETP) traded 18.2% lower against the U.S. dollar during the one day period ending at 1:00 AM Eastern on March 28th. Over the last week, Metaverse ETP has traded 23% higher against the U.S. dollar. Metaverse ETP has a market capitalization of $38.40 million and $9.73 million worth of Metaverse ETP was traded on exchanges in the last 24 hours. One Metaverse ETP coin can now be bought for approximately $1.00 or 0.00012150 BTC on major exchanges including OpenLedger DEX, RightBTC, Bitfinex and EXX.

Here is how other cryptocurrencies have performed over the last 24 hours:

How to Become a New Pot Stock Millionaire

  • Ethereum (ETH) traded up 5.5% against the dollar and now trades at $561.78 or 0.06793640 BTC.
  • Ethereum Classic (ETC) traded 1.6% higher against the dollar and now trades at $18.05 or 0.00218311 BTC.
  • Waltonchain (WTC) traded down 0.7% against the dollar and now trades at $12.08 or 0.00146075 BTC.
  • Bowhead (AHT) traded 21.7% higher against the dollar and now trades at $0.25 or 0.00002990 BTC.
  • DaxxCoin (DAXX) traded up 1.2% against the dollar and now trades at $0.0007 or 0.00000009 BTC.
  • WhaleCoin (WHL) traded up 1.4% against the dollar and now trades at $0.0380 or 0.00000460 BTC.

Metaverse ETP Profile

Metaverse ETP (CRYPTO:ETP) is a coin. Its genesis date was February 11th, 2017. Metaverse ETP’s total supply is 57,618,395 coins and its circulating supply is 38,218,395 coins. The Reddit community for Metaverse ETP is /r/Metaverse_Blockchain and the currency’s Github account can be viewed here. Metaverse ETP’s official Twitter account is @mvs_org and its Facebook page is accessible here. The official website for Metaverse ETP is mvs.org. The official message board for Metaverse ETP is blog.mvs.org.

According to CryptoCompare, “Metaverse is a decentralized platform based on blockchain technology. Metaverse is building a web of Smart Properties and establishing an open ecosystem in which digital value can be circulated freely. ETP is the token used on Metaverse and can be used to measure the value of smart properties in Metaverse or as collateral in financial transactions. ETP is also used to pay transaction and other fees applied on Metaverse. “

Buying and Selling Metaverse ETP

Metaverse ETP can be purchased on the following cryptocurrency exchanges: RightBTC, HitBTC, EXX, Bitfinex and OpenLedger DEX. It is usually not presently possible to purchase alternative cryptocurrencies such as Metaverse ETP directly using U.S. dollars. Investors seeking to trade Metaverse ETP should first purchase Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as Changelly, Gemini or GDAX. Investors can then use their newly-acquired Bitcoin or Ethereum to purchase Metaverse ETP using one of the aforementioned exchanges.

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What Is Monaco (MCO) And Why It More Than Doubled?

Just after the announcement of Bithumb listing, Monaco (MCO) more than doubled its price. It is a move not seen in any digital currency since the markets cooled off in February and March. The news is official as stated in Bithumb twitter handle. The tweet said,. “We are pleased to announce $MCO’s …

Just after the announcement of Bithumb listing, Monaco (MCO) more than doubled in price. It is a move not seen in any digital currency since the markets cooled off in February and March. The news is official as stated in Bithumb twitter handle. The tweet said,

“We are pleased to announce $MCO’s listing on @BithumbOfficial, one of the top 10 cryptocurrency exchanges globally, today. To demonstrate our commitment to the Korean market, we now have a Korean website (https://t.co/Q4Vx1bIfTs) and community channels.”

Monaco is opening up to the Korean market making it reach above the $13 mark. The announcement made the coin hit a record and paved a whole new path for the asset. The currency is still halfway to its last achieved BTC prices, however, with its prices doubling overnight, it will take less time. The recent price move for MCO is dramatic as the currency traded below the $5 mark in March and early April. The listing on Bithumb may also have its negative impacts since the crypto market is volatile and even a new listing may trigger dumping.

Singapore Visa and Monaco tokens

The primary objective of Monaco platform is to contribute towards the adoption of crypto debit cards. With this in mind, the currency is using an approach of making assets in the crypto sector to be more scalable and secure to use by introducing crypto debit cards. The ideas made the platform to partner up with Singapore Visa to provide an excellent platform for issuing Visa-branded debit cards. The Visa-branded debit cards will be available for usage in Singapore. Monaco also received official approval from the Visa representatives for issuing the Visa-branded cards. Moreover, the partnership would enable them to find a way of crossing between the usage of traditional fiat currencies, digital currencies, and digital assets.

Beware of scam

Monaco posted in the twitter handle about the recent scams related to the token and wallet. The fraud was about the platform issuing ETH. Monaco platform rejected this and went ahead and posted it on their Twitter handle. The tweet stated,

“Please beware: We are not giving any tokens away. Please secure your tokens. They are many scams running out there.”

For the Monaco card holders, this is vital information. Take note!

Future of Monaco coin


The digital coin is doing exceptionally well in the crypto market for the past few days. One of its most significant gains was attaining the record of 101% in just a short period. The first recipe for its profit is being listed on one of the significant exchange markets. The listing makes MCO more visible, accessible, and attainable. The listing is the latest progress for Monaco and made its value in the market to increase at around 60% against the dollar. By Monaco receiving approval from visa representatives, causes the digital currency to find its way of converting traditional fiat currencies to digital currencies. The approval also enables the coin to bring mass adoption of crypto debit cards. With the latest developments, Monaco (MCO) is more likely to enjoy the fruits of their hard labor in the time to come.

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BibleCoin Cryptocurrency ICO Is Coming From BI FinTech & GNN (Church Coin?)

The blockchain revolution is here to stay, and better yet, it is inevitable. When Satoshi Nakamoto launched Bitcoin a decade ago, it was the first generation of blockchain technology. Back then transactions were validated using a Proof-of-Work algorithm, a protocol that Bitcoin still applies. The introduction …
BibleCoin Cryptocurrency ICO

The blockchain revolution is here to stay, and better yet, it is inevitable. When Satoshi Nakamoto launched Bitcoin a decade ago, it was the first generation of blockchain technology. Back then transactions were validated using a Proof-of-Work algorithm, a protocol that Bitcoin still applies.

The introduction of Ethereum-based smart contracts signified the beginning of the second generation of blockchain technology. This made tokenization of assets possible, causing a massive proliferation of ICOs. Other notable protocols of the 2nd generation blockchain are the WAVES and NEO platforms.

Despite the breakthroughs of the first two generations, speed, energy efficiency and scalability were still raising concerns among crypto enthusiasts. This resulted in creation of the Proof-of-Stake algorithm, the genesis of the third generation of blockchain technology.

The fourth generation of blockchain technology is here, and will look to introduce radical concepts such as complex data types, data sharding, multidimensional structures and above all, the all-new Proof-of-Integration validation algorithm. This protocol will provide unrivaled speeds as well as energy efficiency, making PoW obsolete. These new concepts will ease the integration of blockchain technology into commonly used applications.

Recently, Bi Fintech, a startup based in Singapore, announced that it will launch the BibleCoin utility token, a cryptocurrency based on the 4th generation blockchain technology. The issuance of the token is already underway, according to Bi Fintech. As opposed to conventional digital currencies which are used a tool of speculation, BibleCoin will have a real intrinsic value. In addition to BibleCoin, Bi Fintech is also working on other services based on this fourth generation blockchain technology.

Bi Fintech also disclosed that it will acquire the Korea Framing Institute, a firm that has a security patent. Using the firm’s technology, Bi Fintech will prevent hacking of the BibleCoin, an issue that has impeded the distribution of other digital currencies.

BibleCoin is gaining traction at an incredible rate, thanks to support from churches and other Christian institutions. Moreover, the coin is expected to hit popular crypto exchanges before 2018 ends alongside GNN, a worldwide news platform.

In exchange, GNN will promote BibleCoin through its media network. Apparently, Bi Fintech and GNN are teaming up to develop a blockchain-based ecosystem. Challi Jung, GNN’s CEO, revealed that the media giant has already tested and will roll out a Beta Version of a CDN-based system that created using four prominent cloud computing systems, including Amazon’s AWS and Google’s App Engine.

The ‘Terms and Conditions’ Reckoning Is Coming

The incomprehensibility of user agreements is poised to change as tech giants such as Uber Technologies Inc. and Facebook Inc. confront pushback for mishandling user information, and the European Union prepares to implement new privacy rules called the General Data Protection Regulation, …

Eleanor Margolis had used PayPal for more than a decade when the online payment provider blocked her account in January. The reason: She was 16 years old when she signed up, and PayPal Holdings Inc. insists she should have known the minimum age is 18, because the rule is clearly stated in terms and conditions she agreed to. Clearly stated, that is, in a document longer than The Great Gatsby—almost 50,000 words spread across 21 separate web pages. “They didn’t have any checks in place to make sure I was over 18,” says Margolis, now 28. “Instead, they contact me 12 years later. It’s completely absurd.”

Personal finance forums online are brimming with complaints from hundreds of PayPal customers who say they’ve been suspended because they signed up before age 18. PayPal declined to comment on any specific cases, but says it’s appropriate to close accounts created by underage people “to ensure our customers have full legal capacity to accept our user agreement.” While that may seem “heavy-handed,” says Sarah Kenshall, a technology attorney with law firm Burges Salmon, the company is within its rights because the users clicked to agree to the rules—however difficult the language might be to understand.

Websites have long required users to plow through pages of dense legalese to use their services, knowing that few ever give the documents more than a cursory glance. In 2005 security-software provider PC Pitstop LLC promised a $1,000 prize to the first user to spot the offer deep in its terms and conditions; it took four months before the reward was claimed. The incomprehensibility of user agreements is poised to change as tech giants such as Uber Technologies Inc. and Facebook Inc. confront pushback for mishandling user information, and the European Union prepares to implement new privacy rules called the General Data Protection Regulation, or GDPR. The measure underscores “the requirement for clear and plain language when explaining consent,” British Information Commissioner Elizabeth Denham wrote on her blog last year.

During two days of testimony before the U.S. Congress this month, Mark Zuckerberg, Facebook’s chief executive officer, was repeatedly chastised for burying important information in text that’s rarely read. Waving a 2-inch-thick printed version of the social network’s user agreement, Senator Lindsey Graham quoted a line from the first page, then intoned: “I’m a lawyer, and I have no idea what that means.” The South Carolina Republican later asked Zuckerberg whether he thinks consumers understand what they’re signing up for. The Facebook CEO’s response: “I don’t think the average person likely reads that whole document.”

GDPR, which comes into force in Europe in May and calls for fines as high as 4 percent of a company’s global revenue for violations, will make it tougher to get away with book-length user agreements, says Eduardo Ustaran, co-director of the cybersecurity practice at law firm Hogan Lovells. He suggests that companies streamline their rules and make sure they’re written in plain English. If a typical user wouldn’t understand the documents, the consent that companies rely on for their business activities would be legally invalid. “Your whole basis for using people’s personal data would disappear,” Ustaran says.

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