In recent months, the use of cryptocurrency as a payment method for common goods and services has increased. In select Belgian cities, Seety, a digital parking firm, has made it possible to pay for parking tickets with Bitcoin. The Belgian startup also launched this crypto payment function in Antwerp and Brussels for the sake of development.
Seety, a Belgian digital parking business, has added support for crypto payments for parking tickets.
In Antwerp and Brussels, the startup, which is part of the Belgian accelerator program Startup, has launched a crypto payment function. Users of Seety will be able to pay for parking tickets in both cities with Bitcoin (BTC) starting on Thursday.
Customers can also utilize cryptocurrencies like Ether (ETH), Bitcoin Cash (BCH), Dogecoin (DOGE), and Litecoin (LTC), as well as stablecoins like Dai and USD Coin, in addition to Bitcoin (USDC). Customers who want to pay for a parking spot with CryptoCurrency will use the ‘coins’ to purchase Seety credits on the company’s app. Customers will not be charged any extra costs if they utilize cryptocurrency.
By 2022, the Seety App is expected to have over 355,000 users in Belgium and the Netherlands, with an annual turnover of over 2 million euros. Using cryptocurrency to pay for parking spaces is symptomatic of how cryptocurrencies could eventually acquire wider popularity in everyday microtransactions, according to the company. Seety believes that as tokens become more environmentally friendly, crypto use will increase.
Using bitcoin to pay for parking tickets extends back to the discontinued Brawker app in 2014. Crypto payment methods for microtransactions are getting more popular these days, despite considerable barriers still standing in the way of broader use. Crypto credit cards and stablecoins are also making it easier for merchants to integrate cryptocurrency payment alternatives into their platforms by simplifying the process of spending cryptocurrencies.