As expected, cryptocurrency adoption is becoming widespread and these assets are receiving numerous applications on a daily basis. Although crypto payments have become common, they are being adopted for the most unusual reasons. A firm in Belgium is adopting crypto payments for a novel area, which is digital parking. Seety has indicated its interest to integrate crypto payments into its digital parking services.
In light of the innovation, users of the Belgian firm will be able to make cryptocurrency payments in exchange for its services. According to Seety, users can make payments in Bitcoin and a host of other cryptocurrencies. Seety has only rolled out this service in two major cities within Belgium- Antwerp and Brussels.
Seety Users to Rent Parking Spaces with Bitcoin, ETH and Others
Apart from Bitcoin, Seety’s users can pay for parking tickets with Ethereum, Dogecoin, Bitcoin Cash, Litecoin and stablecoins such as DAI and Circle’s USD coin (USDC). Seety explained the process of buying the tickets with crypto payments in a statement it issued. The Belgian firm noted that users can use the crypto coins to purchase its credits via an app also provided by Seety. This is when they want to pay for parking spaces. Users will not incur additional costs for using crypto, Seety added.
Seety’s application has attracted quite a number of users since its launch. It boasts users from both Belgium and the Netherlands and has its sights set on registering $2.3 million in turnover by 2022. The aim of Seety is to encourage cryptocurrency adoption via the said application. Additionally, it believes adoption will pick up further speed if cryptocurrencies become climate-friendly such that they can be mined using green energy.
Crypto Adoption on a Fast Rise
As earlier mentioned, cryptocurrencies will continue to expand their frontiers into the mainstream sector. Big players like PayPal, Alipay, Alibaba have already embraced crypto payments as the new normal. In fact, PayPal is set to introduce crypto trading for its UK and US users with the imminent rollout of its Super App.
Meanwhile, Social media giant, Twitter is also one of the avid adopters of Bitcoin. It recently introduced a Bitcoin Tipping feature for iOS Twitter users that will allow them to tip creators in Bitcoin. The Bitcoin Rewards feature means that Twitter is upping the ante on its previously integrated payment options such as CashApp, Venmo and PayPal.
As reported on Wednesday, Twitter’s crypto tipping feature will function on Layer-2 scaling solution, Lightning Network allowing for transactions to be executed within a faster time frame. The Lightning Network service of payment provider, Strike will be used to generate invoices for transactions completed.
Another global payment service provider, Visa recently reported that it facilitated crypto transactions valued at $1 billion within the first half of the year.