The adoption of crypto as a fee methodology for on a regular basis items and companies has risen in latest months. Digital parking startup, Seety, has made it possible to pay for parking tickets with Bitcoin in some Belgian cities. Based on a report by DataNews on Thursday, the Belgian startup launched this crypto fee characteristic in Antwerp and Brussels.
In addition to Bitcoin, users can also use other digital currencies to make payments. The choices embrace cryptocurrencies reminiscent of Ethereum, Bitcoin Money, Litecoin, Dogecoin, and stablecoins like DAI and USD coin.
The company expects cryptocurrencies to become more environmentally friendly in due course, meaning they will increasingly be used to pay for everyday goods and services.
How Seety Works
To make use of crypto cash to pay for a parking house by way of Seety, customers should buy Seety credit on the app. The transaction costs are the same as for the payment by credit card.
Seety options an interactive map on its app that helps customers find the most cost effective or free parking spots. Additionally, they can determine the prices and parking regulations for any street or parking lot in town. A group characteristic notifies a member in case a parking officer is noticed close to their automotive. With Seety, users can find the cheapest parking zones, avoid parking fines and pay for their parking in two clicks.
The corporate additionally lately launched its app in additional than 100 Dutch cities and municipalities. The app, available for iOS and Android, now has 355,000 active members and expects a turnover of 400,000 euros in 2021. For 2022, the startup goals for a turnover of two million euros.
The startup is likely one of the corporations bootstrapped by the Belgian accelerator program Begin it @KBC.
Using Crypto For Everyday Transactions
Using crypto to pay for parking services dates back to years ago. In 2014, a Reddit person posted that he had paid a parking ticket with Bitcoin utilizing the web market Brawker.
Recently, Visa stated that its crypto-enabled cards processed over $1 billion in crypto spending in the first half of 2021.
