Tag: PayPal

Cryptocurrency: New York Could Become First City To Accept Bitcoin

Business, Internet, Mobile
New York City Councilman Mark Levine is expected to unveil a proposal on Thursday that will allow the city to accept bitcoin as payment for fines.The bill would allow the municipality to accept the cryptocurrency for things like parking tickets and court fees, but could also include an added charge for bitcoin payments. The bill is still in its infancy and will need to be reviewed by the city’s officials before becoming a law; if passed, it would be hailed as a huge step toward mainstream adoption for bitcoin. App To Pay Parking Tickets Late last year, New York began working to find ways to make parking tickets easier to pay, which is where the concept of bitcoin payments was born. City finance officials were considering the use of a smartphone app that would allow ticket holders to pay u