So, in the previous part, I told you about the real-life product of the Helbiz team.
Now, I'm going to tell you about crypto-part of Helbiz — Helbiz Pay — it is a cryptocurrency payment system, that allows users create, store, transmit currency between individuals and locations, buy and sell currency.
HBZ coin — is the main token of Helbiz Pay, which now is realized at ERC-20 format. A little later I will tell about private Helbiz blockchain is developing now.
Helbiz Pay is operated by other company that Helbiz Inc..
I know what you want to say: why there are two companies?
It should be clear to everyone that Helbiz & HBZ are deeply connected, and any growth to either highly benefits both. Questioning the relationship is ignorant, but a clear separations of the legal entities and actions of each is essential in order to build and scale a real business operating in the public directly in 2019 while dealing with insurance, governments, licenses, banks and personal liability.
—Helbiz Official
Here's video from Helbiz strategic session about Helbiz Pay from 5:42 minute