Rumors are what keep the FinTech industry alive and competitive. One of the many rumors is that a new food delivery app is in the works.
Crypto Eats, which aims to launch in early 2022 or before the end of Q4 2021, may soon be proud to announce its arrival sooner rather than later. Since last year, the said decentralized food delivery app has been in the development process in order to bridge a food delivery payment system that can bring in the use of Cryptocurrencies as well as Credit card payments. According to sources, the new food delivery app is set to launch in the United Kingdom, with all eyes on the reclusive blockchain developer, Wade Philips.
Wade Philips’ Biography
Wade, as some may be aware, secured private series A funding of $18 million in May 2020 for such a project after stating that he did not join the Solana Developer’s team for personal reasons only a month earlier in April 2020, which could be due to unconfirmed reports that he did not intend for it to be on the Solana network.
Reports of Wade Philips’ app in the development stage have circulated for quite some time, with one driver claiming to have participated in network testing last year.
The implications and timing of this launch may result in a high demand for app downloads from new customers using the Crypto Eats app as demand for apps and sites accepting cryptocurrencies begins to rise, with larger companies such as Paypal, AMC Theatres, and Tesla already accepting bitcoin and other cryptocurrencies for payment. It won’t be long before UberEats has to give in to user demand.
Will a new startup in the UK be able to compete with Delivaroo and UberEats, or will they have to consider allowing Cryptocurrency payments on their app sooner rather than later? Only time will tell if they can keep up with the advancement of new technology that allowed companies like just eat to exist in the first place.