NYC Could Start Taking Bitcoin for Parking Ticket Payments

The city is looking for the best way to take "alternative payment methods"

(Photo via Getty)

(Photo via Getty)

2014 was a bad year overall for Bitcoin, which has publicly beaten up as the “worst investment of 2014.” But not everyone is giving up—major vendors, even local governments, are still convinced that cryptocurrencies have some kind of value.

After all, as crypto-analyst 50 Cent recently said: “All money is money.”

New York City, which pulls in over $550 million from parking tickets alone each year, is looking for a way for people to pay parking tickets using Bitcoin. The city’s Department of Finance (DoF) put out a Request For Information (RFI) soliciting ideas from companies, vendors and individuals on how the city could start taking mobile payments for parking tickets with “alternate payments systems” like Bitcoin, Paypall and Apple Pay.

From the document:

The primary objective of this RFI is to identify and assess mobile platforms that support the payment of parking tickets and learn about their current use and future viability. A secondary objective is to identify existing mobile platforms that support the request for a hearing of parking tickets and learn about their current use and future viability.

The document’s vision of the future imagines a mobile, “single click” system that allows to you scan your ticket, pay it from your phone, or upload evidence for your hearing from your smartphone camera. The DoF declined comment, but told Betabeat briefly that the RFI has gone out to a slew of unspecified “vendors.”

Governments putting their trust in bitcoin could steady the plummeting trust and value of the cryptocurrency—but what one hand giveth, the other taketh away. While the city moves to integrate alternative payment methods, the state is getting ready to issue the first state-level cryptocurrency legislation in the country—laws that threaten everything that’s good and decent about Bitcoin in the first place.

Here’s the full document:

NYC Could Start Taking Bitcoin for Parking Ticket Payments