Belgian Startup Debuts Bitcoin Payments For Parking Tickets

Belgian Startup Debuts Bitcoin Payments For Parking Tickets

As per the news about Bitcoin, a digital parking startup named Seety has launched a new crypto fee assist for parking tickets.

As per the news published by laweekly.com, the new corporation will be bootstrapped by the Belgian accelerator program. Thus, all Seety Customers can now use Bitcoin to make the payment for parking tickets in each city.

In addition to bitcoin, they can also use other cryptocurrencies like Ether, Bitcoin Cash, Dogecoin, and Litecoin. Customers who want to make use of crypto for payment in parking areas will also use the coin to purchase Seety credit on the app. As per the report, the use of crypto won’t incur any additional charge on the part of the customer.

At present, the Seety app has almost 355,000 customers in Belgium and the Netherlands. The company is expecting an annual turnover of almost 2 million Euros by the end of 2022.

The use of cryptocurrency for the payment of parking fees shows how cryptocurrency will be adopted on a regular basis in the future. Seety also expects that the adoption of crypto will also be environmentally pleasant.

This is not the first time that Bitcoin has been used for paying parking tickets. In 2014, the defunct Brawker app started the practice. These days, the use of crypto for microtransactions is becoming more important. But, in the long term, there are many hurdles for the broad-based penetration of digital currency.

The crypto bank cards and stable coins are also simplifying the process of spending cryptocurrencies. It is making it easier for retailers to onboard the cryptocurrency on their platform.

As per a report released by Cointelegraph, it was acknowledged that the crypt-enabled cards had processed almost $1 billion in crypto spending within the first quarter of 2021.

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