In recent months, the adoption of cryptocurrency as a payment method for daily goods and services has increased. Digital parking startup Seety has made it possible to pay parking tickets with Bitcoin in some cities in Belgium.According to a report As reported by DataNews on Thursday, the Belgian startup launched the encrypted payment function in Antwerp and Brussels.
In addition to Bitcoin, users can also use other digital currencies to pay. Options include cryptocurrencies such as Ethereum, Bitcoin Cash, Litecoin, Dogecoin, and stablecoins such as DAI and U.S. dollar coins.
The company hopes that cryptocurrencies will become more environmentally friendly in due course, which means they will be increasingly used to pay for daily goods and services.
How Seety works
Use cryptocurrency to pay for parking spaces Siti, Users can purchase Seety points on the app. The transaction fee is the same as the credit card payment.
Seety provides interactive maps in its app to help users find the cheapest or free parking spaces. In addition, they can determine the price and parking regulations for any street or parking lot in the town. If a parking person is found near their car, the community function will notify the member. With Seety, users can find the cheapest parking area, avoid parking fines, and pay for parking with just two clicks.
Total crypto market rises to $2.275 Trillion | Source: Crypto Total Market Cap from TradingView.com
The company has also recently launched its app in more than one hundred Dutch cities and municipalities. The application is available for iOS and Android, currently has 355,000 active members, and is expected to have a turnover of 400,000 euros in 2021. By 2022, the startup’s goal is to achieve a turnover of 2 million euros.
This startup is one of the companies guided by the Belgian accelerator program Let’s get started @KBC.
Use encryption for daily transactions
The use of encrypted payment for parking services can be traced back several years. In 2014, a Reddit user Post He used the online marketplace Brawker to pay a parking ticket in Bitcoin.
Recently, Visa stated that its encryption-enabled cards processed more than $1 billion in encryption spending in the first half of 2021.
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