Parkt Opens Its Parking Rewards System to Bitcoin Users

Parkt Opens Its Parking Rewards System to Bitcoin Users

Parking rewards startup Parkt is integrating bitcoin into its system, allowing users to withdraw earned reward points directly to a bitcoin wallet. "What really annoys people about parking is paying for it," said Parkt CEO Tim Karunaratne, noting that the average American spends about $1,300 a year doing just that. "The system is pay-to-spend," he added. Parkt works with mobile apps on devices used by both customers and businesses. Customers first use it to scan a QR code when they check their car into a parking garage, and the app then displays a list of businesses in the local area that....


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Charlotte, North Carolina-based PassportParking announced on Tuesday a solution that will allow drivers to pay for parking using bitcoin through the company's Mobile Pay service at supported meters and surface lots. The company, which provides parking facility operators solutions in the way of cloud-based software. "We currently have coverage in over 35 states with facilities across 75 clients which include municipalities, universities and private operators," a company spokesperson told newsBTC. "Bitcoin is superior for online payments and today many traditional brick and mortar payments....