[Translation] The car sharing farm has secured $10 million and will support Bitcoin payments.

It is spreading rapidly. Without further ado, let's read the Japanese translation.

Car sharing firm reaches $10 million and adopts Bitcoin payments

Based in India and backed by Y-Combinator as its parent company, car-sharing firm Drivezy recently raised Rs. 65 crore (about $10 million). The company plans to use the funds to start accepting Bitcoin payments on its platform.

Drivezy has raised a total of $16.5 million (Rs. 107 crore) from various funding sources. Investments from Japanese and American companies alone amounted to about $5 million.

Ashwarya Singh, Drivezy’s CEO, spoke to Econotimes about starting to accept Bitcoin payments. He said, “We began accepting cryptocurrencies such as Bitcoin for transactions on our platform. So far, there have been roughly 150 to 160 transactions using cryptocurrency.

Drivezy plans to use the raised funds to further streamline the Bitcoin acceptance process for its ride-hailing software.