A digital parking startup based in Belgium has introduced cryptoasset payment support for parking tickets.
According to a report by Cointelegraph, a fast-growing startup named Seety has launched a crypto payment feature for users in Antwerp and Brussels. Users of the service can now pay parking fees with Bitcoin, in addition to Ethereum, Bitcoin Cash, Dogecoin, Litecoin, DAI and USD. Rather than paying for parking directly, users swap crypto in exchange for Seety credits via the company’s digital application.
The report claims users can pay in crypto at no additional cost or fee. The Seety app has a reported user base of more than 355,000 in Belgium and the Netherlands, and it is reportedly on pace to generate more than 400,000 euros in activity by the end of the year and 2 million by the end of 2022.
Seety claims accepting cryptoassets paves the way for greater adoption of microtransactions in daily life. The company expects the utilization of crypto to pay for parking will continue to grow as digital assets gain popularity worldwide.
The Seety app bills itself as allowing users in Belgium to find the cheapest parking zones and avoid paying fines with a simplistic process that takes “two clicks.” The app has expanded its access to more than a hundred Dutch cities and municipalities and is available for download on both iOS and Android.
The views and opinions expressed by the author, or any people mentioned in this article, are for informational purposes only, and they do not constitute financial, investment, or other advice. Investing in or trading cryptoassets comes with a risk of financial loss.
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