Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesCopyBotsEarn
Solana-based ridesharing app Teleport shuts down due to lack of market readiness for decentralized ridesharing

Solana-based ridesharing app Teleport shuts down due to lack of market readiness for decentralized ridesharing

CointimeCointime2025/01/31 10:00
By:Cointime

Teleport, a ridesharing app based on Solana, has announced its closure due to a lack of market readiness for decentralized ridesharing. The company, which aimed to compete with Uber and Lyft, raised $9 million in October 2022 and publicly launched in June. Teleport differentiated its model from Uber by taking a 15% cut on each ride, while drivers could choose between accepting USDC or fiat through Apple Pay. The company will support users to off-ramp their USD Coin balances and private keys until Feb. 28.

0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Locked for new tokens.
APR up to 10%. Always on, always get airdrop.
Lock now!

You may also like

Veteran Analyst il Capo Updates Forecasts After Recent Decline: Will the “Legendary Bull Season” Come?

Cryptocurrency analyst il Capo shared his predictions for the coming day for Bitcoin and altcoins in his statement.

Bitcoinsistemi2025/02/28 03:00

OpenAI GPT-4.5 API is now available

Cointime2025/02/28 02:44