Service My Car, the tech-enabled car-servicing platform that has created a better way to help car owners to book their car servicing and repair needs online, is set to launch a cryptocurrency payment service to their platform coinciding with the fintech revolution in the GCC.
This news comes after Service My Car announced their record-breaking first round of funding at $10 million, which was announced in March this year. The investment will be used to carry out the company’s strategic expansion plans across the Middle East and other key markets across the globe.
Since the company has shown 200% growth within the first year of inception and is now looking to expand to the GCC by end of the year; Service My Car Service is eager to grow and provide more confidence to its customers.
The company is working to deliver confidence and assurance by eliminating any risks, offering easy transactions, and providing security. SMC aims to become the global automotive service industry’s first adopter of cryptocurrency transactions with their new and revolutionary payment system.
“We are eager to be at the technological forefront which is why we want our customers to get their cars serviced and repaired from home with an online booking system that offers the most secure payment method,” said Ozair Puda, Founder & CEO at Service My Car.
Cryptocurrency has widely been regarded as being one of the safest methods of online transactions. With a unique peer-to-peer design, it eliminates the level of risk found in other digital payment methods.
“The world has started using cryptocurrency for everyday transactions, so why not do the same in the GCC when it comes to getting their car serviced? Our customers can get a myriad of advantages, such as security and the lack of banking fees, by using Crypto over other payment methods” asked Ozair Puda, Founder & CEO at Service My Car.
The emergence of local cryptocurrencies in this region means that other businesses intend to make the system widely available to customers. As more industries adopt cryptocurrencies, customers will be encouraged to opt for such novel and secure payment methods over traditional ones.
“With the boom in fintech across the globe and the region, cryptocurrency investors are now practically ‘living for free’ through their earnings. By adding car servicing as an avenue for paying with cryptocurrency, we hope to serve the early adopters of cryptocurrency and attract global customers”, added Ozair. “The company intends to revolutionise the automotive service industry by enhancing its technological infrastructure by developing the technology required to carry out predictive car maintenance with the integration of AI and automation."