New York City Considers Bitcoin for Paying Parking Tickets

New York City Considers Bitcoin for Paying Parking Tickets

The City of New York's Department of Finance is currently considering using Bitcoin as a method for paying parking tickets. The department issued a Request for Information to find better ways for facilitating the application of parking laws. The document, titled "Mobile Solutions for Payment and Hearing Scheduling of Parking Tickets," is available online here. NYC Looks for Solutions. "The New York City Department of Finance (DOF) is issuing a Request for Information to obtain information on mobile solutions for payment and hearing scheduling for parking tickets. Prospective vendors should....


Related News

NYC Requests Info on Using Bitcoin to Pay Parking Tickets

New York City is looking for new ways to make it easier for residents and visitors to pay for their parking tickets - and Bitcoin is one of a range of new technologies under consideration. The city's Department of Finance has issued a 'Request for Information' (RFI) entitled "Mobile Solutions for Payment and Hearing Scheduling of Parking Tickets," which makes it clear that they are looking into novel payment technologies and mobile friendly solutions for on-the-spot payment of parking tickets. Bitcoin is mentioned alongside other internet based solutions such as ApplePay and PayPal, as....

NYC's Department of Finance Issues RFI on Mobile Solutions for Payment of Parking Tickets

New York's Department of Finance (DOF) is issuing a Request for Information (RFI) on mobile solutions for payment and hearing scheduling for parking tickets, and identifies Bitcoin as one of the potential tenders. The DOF is researching different options available in the mobile payment industry that could provide greater ease and convenience for vehicle owners, reads the official release. The announced RFI will assist the City in understanding the current market for mobile payments options, as well as technologies that would allow someone to request a hearing and submit evidence. The....

In the Big Apple , You May Pay Your Parking Ticket in Bitcoin

New York State is the home of the BitLicense. In other words, New York is hoping for regulation amongst bitcoin businesses and entrepreneurs. The latest edition has recently made the news, and the final 30-day commentary period is now underway, giving the public a chance to read the document and voice their opinions one last time prior to its solidification. But now New York is suggesting something interesting... Rather, a New York City Councilman is really thinking out of the box, and to a degree, it just might work. Mark Levine, a councilman for the Big Apple, is suggesting bitcoin for....

New York City Councilman Proposes Bitcoin Payments for Fines and Fees

New York City Councilman Mark Levine has announced he will introduce a bill tomorrow that, if adopted, would move the municipality to accept bitcoin as payment for fines and fees. The full bill would give New York City the ability to "enter into agreements" with financing agencies to allow it to accept bitcoin. Parking tickets and court fees would be among the items that would then be payable in bitcoin. Levine, a democrat representing the 7th District in Northern Manhattan, is particularly passionate about developments in the bitcoin community, citing its popularity among younger....

Councilman Mark Levine Further Explains the Benefits of His New York Bitcoin Bill

New York City Councilman Mark Levine has recently presented a bill that will enable bitcoin to be used for payment of fees and penalties such as court costs and parking tickets. According to Levine, the bill is slated to save millions of dollars in transaction costs, which can get a little pricy through means such as credit cards. However, Levine is going further to explain his bill in greater detail (which could be passed as early as this June) and show the true benefits of bringing bitcoin to New York. Levine goes back a bit to explain the origins of the bill: "It started with realizing....

Quotes

Money at its core is simply a ledger for keeping track of debts, and bitcoin is truly the best iteration of a universal ledger we’ve ever seen.

John Reed, former chairman and CEO of Citibank