Belgian startup launches Bitcoin to pay parking tickets for the first time

Seety, a digital parking startup based in Belgium, has introduced encrypted payment support for parking tickets.

According to a report DataNews reported on Thursday that the company, one of the companies led by the Belgian accelerator program Start it @KBC, has launched encrypted payment functions in Antwerp and Brussels.

Seety users will start using Bitcoin from Thursday (Bitcoin) To pay for parking tickets at different locations in the two cities.

In addition to Bitcoin, customers can also use cryptocurrencies like Ethereum (Ethereum), Bitcoin Cash (Bitcoin cash), Dogecoin (dog) And Litecoin (LTC), and like Dai (DAI) and USD Coin (USDC).

Customers who wish to use cryptocurrency to pay for parking spaces will use “coins” to purchase Seety points on the company’s app platform. According to the report, the use of encryption will not incur any additional costs to customers.

According to reports, the Seety app has more than 355,000 users in Belgium and the Netherlands, and its goal is to achieve an annual turnover of more than 2 million euros by 2022.

For the company, using crypto to pay for parking spaces shows how cryptocurrencies will eventually gain more adoption in daily microtransactions. Seety predicts that once tokens become more environmentally friendly, the adoption of cryptocurrencies will grow.

related: Thanks to the new partnership, Visa will promote USDC payments

Use Bitcoin to pay for parking tickets The Brawker application has ceased to exist as early as 2014. Nowadays, encrypted payment options for microtransactions are becoming more and more popular, although there are still major barriers to wider penetration.

Crypto credit cards and stablecoins also help simplify the process of using cryptocurrencies, while making it easier for merchants to use cryptocurrency payment options on their platforms.

As Cointelegraph previously reported, Visa recently stated that its encryption-enabled cards processed more than $1 billion in encryption spending in the first half of 2021.