New York City is weighing new legislation that would enable drivers to instantaneously pay for parking tickets via Apple Pay, mobile apps and even Bitcoin.
The city collects roughly $600 million from 10 million parking tickets annually, according to MarketWatch. However, the current payment system is rather outdated: offenders can only pay online, through the mail or in person at the courthouse. And if they don’t pay on time, late fees begin to accrue. This, along with a 2.5 percent credit and debit card fee, could change with the use of mobile apps and cryptocurrencies.
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