FBG Capital Strategically Invests In Drife To Usher In a New Ride-hailing Era
FBG Capital’s Investment in DRIFE marks another pivotal step toward our goal of revolutionizing the ride-hailing industry.
Significance
We are excited to be backed by FBG Capital, one of the world’s leading digital asset management firms. Especially with CEO and renowned cryptocurrency trader Zhuo Shuoji at the helm. We look forward to leaning on the valued experience and strategic guidance FBG Capital and Zhou Shuoji can provide.
Overall, We expect this partnership to create valuable synergy between the two establishments and provide tremendous value to the future of the ride-hailing industry.
About FBG Capital
FBG has an enviable track record of partnering with promising innovative blockchain projects way before they attain mainstream success. For instance, in 2017, FBG announced a strategic partnership with Zilliqa, a high-speed blockchain platform from researchers. Under the guidance of the FBG team, the platform has since grown to become a fully functional ecosystem of blockchain solutions to real-life business challenges.
Having made investments in over 40 projects globally, FBG and Zhou are not new to helping blockchain-based projects achieve grandiose and innovative goals.
About DRIFE
DRIFE is a decentralized platform that seeks to bring blockchain solutions to taxi, ride-sharing, and ride-hailing services. Our platform plans to disrupt the existing ride-hailing business model by removing the corporate intermediaries involved in the transactions. Intermediaries not only create logistical bottlenecks between riders and drivers. They also charge exorbitant commissions causing a myriad of inefficiency in the ecosystem.
Essentially, by leveraging blockchain transparency and smart contracts, DRIFE seeks to save time, money and put the value creators in the driving seat of their own transactions.
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By Mitchell Keller | Twitter | Edited by Dr. Deeban Ratneswaran and Aydan Flemmings — Lead Graphic by Caelan Flemmings — GD10.Ventures — Marketing division: enquiries