Yes, he has used the term to compare the method by which an Uber driver can be assured they will get paid for the ride because Uber pre-authorises the payment against the customer's card. He has suggested that Spenda could provide a similar process for the quote to pay feature. He has used an example of a tradesman quoting for a job, and when the customer accepts the quote they enter their payment card details and Spenda will pre-authorise the quoted amount against the customer's card. I don't know whether this feature has been built and deployed or it was just a concept being considered. But of course, that is the whole concept behind the agribusiness partnership with Fresh Supply Co, that payments can be released against certain agreed milestones that can be tracked through the supply chain using blockchain as per the James Tyler deal.
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Yes, he has used the term to compare the method by which an Uber...
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