Understanding TTC: What Is A Token Transit Currency?

Cryptocurrency has grown more popular than ever in recent years, and one of the newer currencies to gain traction is Token Transit Currency (TTC). TTC is an Ethereum-based token that was created to facilitate secure, low-cost and trusted payments for public transportation based on its existing blockchain-powered payments system. TTC provides a much-needed solution for those who rely on public transit to move around and convenient payments’ options.

What Does TTC Offer?

TTC provides a decentralized payment system that enables individuals to pay for their transit fares (bus and subway tickets) quickly and safely without relying on a third party. The TTC platform supports both in-app and NFC payments, allowing users to pay using their smartphones or transit cards. Moreover, the safety protocol used by TTC ensures that users’ personal information is kept secure at all times. Additionally, TTC transactions are charged a minimum fee for processing, which is drastically lower than the fees charged by most traditional financial institutions.

How Can TTC Be Used?

TTC can be used to pay for transit fares with an easy-to-use digital wallet, such as the TTC Network mobile wallet. By using the mobile wallet, users can purchase tickets, store them, and check the transit route they need to take. Additionally, TTC tokens are accepted at various merchants around the world, allowing users to purchase goods and services using their TTC tokens. The usage of TTC tokens is expected to expand in the near future, allowing for more convenient and secure payments for public transportation.

How Can TTC Be Bought?

The TTC currency can be bought from a variety of exchanges, including Bittrex and UpBit. Users can purchase TTC tokens with either fiat currency or another cryptocurrency. Many users prefer to buy TTC tokens with Ether since the process is much more straightforward. Once the tokens are purchased, they can then be moved to the user’s private wallet.

Overall, TTC is an innovative cryptocurrency that is quickly gaining traction in the world of public transit. It offers a secure, low-cost and convenient option to pay for public transit fare, making it a great alternative to traditional payment methods. TTC also has numerous uses outside of public transportation, such as purchases of goods and services, and its usage is expected to grow in the coming years.