Parking against Bitcoin : In Belgium, paying for parking in crypto is now possible

By: Bharggavi Ssayee

Parking against Bitcoin : In Belgium, paying for parking in crypto is now possible

September 8, 2021 10:00 PM

 

You can now pay for your parking in Antwerp and Brussels with BTC. Indeed, since Thursday, Seety, the Belgian digital parking start-up, offers the possibility of paying with seven different cryptocurrencies in addition to traditional methods, including bitcoin and Ethereum (ETH).

Hadrien Crespin and Nicolas Cognaux, founders of Seety. Photo credit © Seety

 

The Seety company has benefited from the Belgian “Start it @KBC” program which sets itself the mission of being an accelerator centered on the founders and focused on the mission of supporting entrepreneurs in their passion, their objectives and their business.

 

According to a report released Thursday by DataNews, in addition to Bitcoin, customers can also use cryptocurrencies such as Ether (ETH), Bitcoin Cash (BCH), Dogecoin (DOGE) and Litecoin (LTC), as well as stablecoins like Dai and USD Coin (USDC).

 

More and more cryptos for microtransactions

With Seety, users can find the cheapest parking zones, avoid parking fines, and pay for their parking with just a few clicks. The company has also recently introduced its app in more than 100 Dutch towns and municipalities.

 

The application, available for iOS and Android, now has 355,000 active members in Belgium and the Netherlands and would target annual sales of over 2 million euros by 2022.

 

For the company, the use of crypto to pay for parking spaces is indicative of how cryptocurrencies will end up being adopted more and more widely in daily micro-transactions. Seety expects crypto adoption to grow even further once cryptos become more environmentally friendly.

 

The use of Bitcoin to pay for parking tickets dates back to 2014 with the now defunct Brawker app. Nowadays, crypto payment options for microtransactions are becoming more and more popular, although there are still significant hurdles standing in the way of wider penetration.

 

Crypto credit cards and stablecoins also help simplify the process of spending cryptocurrency while making it easier for merchants to integrate cryptocurrency payment options on their platforms. Latest proof to date with Bitcoin entering Twitter through the tip door