Alpha Sigma Capital, a cryptocurrency fund that assists blockchain-based projects with growth and, well, funding, is investing in the ShareRing ecosystem, according to a press release. Founded by six members, ShareRing is described as “a global ecosystem that is increasing social responsibility through promoting the utilisation of assets within the circular economy.”
Essentially, it’s a travel application that enables users to pay for every part of their travel in one swift payment. Alpha Sigma Capital wants to help that vision blossom.
“ShareRing is well-positioned to take advantage of the fast-growing sharing and rental (gig) economy with its easy-to-use platform that allows for expedient and efficient travel activities such as express hotel check-in, eVisa applications, car rental/sharing; with single identification access and login,” the release reads.
The project has released its own shop recently, acting as a sort of gig economy for grocery delivery as well. All of these services are built on a blockchain network for autonomy.
Speaking on the matter is Tim Bos, the co-founder, and chairman on ShareRing, who had said:
“Gaps in the travel experience will be remedied by apps like ShareRing. Blockchain and cryptocurrency present a unique global solution to these challenges and we believe that ShareRing’s management team has the experience and sophistication to deliver.”