New York Councilman: Bitcoin Could Save City Millions
Last Thursday New York City councilman Mark Levine introduced a bill petitioning for the city to accept bitcoin as payment for fines and fees. Levine opened up about the bill, which he says could be passed as early as June, in a new interview with CoinDesk, indicating that he believes New York City has a pressing incentive to begin accepting the payment method due to its cost advantages when compared to credit cards. The democrat from the 7th District in northern Manhattan recalls that it was this benefit that led him to introduce the bill, one that will now go through a process of....
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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....
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....
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....
Millions of people around the world are financially excluded. These individuals, mainly women and poor people, suffer financial exclusion and restricted economic growth. Surprisingly, the financial exclusion of the poor is happening not only in developing countries but in the very financial capital of the world, New York City. Specifically, the New York....
Uber recently announced customer location data collection for the duration of rides, and New York City has already demanded access to it. According to the ridesharing giant, officials from the New York City government have demanded sensitive customer data. This includes constant geolocation, which the app uses to help drivers and riders find each other without constant call-response communication. This would mean that law enforcement agencies would have the effective use of all Uber users’ whereabouts while using the app. In an email to customers, Uber outlined the threat to privacy....