31 Dec '14, 1am

The city of New York may soon allow drivers to pay for parking tickets using Bitcoin:

The city of New York may soon allow drivers to pay for parking tickets using Bitcoin:

NEW YORK (MarketWatch) — The city of New York issues eight to ten million parking tickets annually. But great news: Drivers will soon be able to use their smartphones to pay their fines instantly with mobile apps or cryptocurrencies. The city’s finance department is looking into alternative payment methods like Apple Pay, PayPal and Bitcoin for the roughly $30 billion in parking ticket revenue it collects annually by issuing up to 10 million tickets. There has been a proliferation of new mobile payment technologies in recent months, including Apple Inc.’s Apple Pay AAPL, -1.22% , which saw its share of the mobile payments market climb to 1.7% in just its first six weeks on the market. Hundreds of thousands of retail locations now accept Apple Pay and PayPal EBAY, +0.32% – and the two are expected to grow significantly in 2015. Meanwhile, well-known retail sites and compani...

Full article: http://www.marketwatch.com/story/nyc-weighs-bitcoin-apple...

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Every year the city of New York issues about eight to ten million parking tickets. However, soon drivers may be able to us...