I think this is a terrible thing!
I live in a country nearby and all this will do is raise for cost of rides it will also leave the poor unable to book rides.
My wife and I have a decent income compared to the average person who lives here.
If she can’t get to work because she can’t book a ride, we are happy to pay more.
It can take upwards of 2 hours to book a ride home during rush hour. Well, we would happily bid high to not have to wait/walk.
But the everyday person can’t do this, so I think it’s a terrible system to implement.