Ease and convenience have been the main factors that propelled ride-sharing applications Uber and Lyft into what they are today: dominators of ride-hailing, not only in the United States but also worldwide. Established in 2012, Lyft currently caters to 23 million passengers in the US, 95% of which think that Lyft rides are safe. The ride-sharing giant also accommodates 1.4 million drivers in the US. On the other hand, since its birth in 2013, Uber crossed the US and established itself as one of the primary ride-sharing options.
Ever since the rise of ridesharing companies like Uber and Lyft, taxi services have been on the decline. Taxis have been part of the transportation system since the early 17th century in the form of horse-drawn hackney carriage for hire in Paris and London, and from there it developed into a multi-billion industry worldwide. Now, Uber and Lyft have created a competition for taxi companies with their state of the art capabilities and easier accessibility. Taxi companies are trying to fight back by labeling these ridesharing companies as.
In many cities across the United States, ride-hailing apps like Uber and Lyft have become wildly popular. These apps provide an alternative to taxi services and offer convenience when booking a ride. With just a simple tap on your smartphone, you can get a ride to whatever destination you have in mind. Another ease that these apps provide is the cashless transaction option. The payment and billing are handled within in the app, and you have the choice to use your credit card to pay instead of cash..