New York Considers Accepting Bitcoin for Parking Fines

(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 $600 million 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, -1.90% , which saw its share of the mobile payments market climb to 1.7% in just its first six weeks on the market.

This post was published at Altcoin Press on 01/02/2015.