Topic: South African Drivers Can Now Pay Traffic Fines in Bitcoin (Read 441 times)
I'm unfamiliar with the laws and life in Africa but what they use to use bitcoin as a means of payment is very good.Such practice can not boast of any country
https://news.bitcoin.com/south-african-drivers-can-now-pay-traffic-fines-in-bitcoin/
A traffic fines administrator from the city of Alberton, South Africa has started accepting payments in bitcoin. Drivers from all over the country who wish to pay their tickets with the cryptocurrency can now do so via this new service.
Cornelia van Niekerk, the owner of Fines 4 u, serves about 500 businesses and 8,000 individuals for whom she manages the restitution of traffic violations. She told local media that she has been interested in bitcoin since June this year, and wanted to offer people who share her interest another opportunity to use their bitcoin in South Africa.
The service allows clients to get a price quote in bitcoin for paying the fines which are denominated in South African rand by the traffic police. The transfer to the authorities will be done in fiat, just as any other fine payment, with Van Niekerk making the exchange. She believes that the value of bitcoin will rise with time so she is not afraid of short term depreciation during the process. It is promoted as a faster and lower cost option compared to bank transactions.
Pay Fines or HODL?
A traffic fines administrator from the city of Alberton, South Africa has started accepting payments in bitcoin. Drivers from all over the country who wish to pay their tickets with the cryptocurrency can now do so via this new service.
Cornelia van Niekerk, the owner of Fines 4 u, serves about 500 businesses and 8,000 individuals for whom she manages the restitution of traffic violations. She told local media that she has been interested in bitcoin since June this year, and wanted to offer people who share her interest another opportunity to use their bitcoin in South Africa.
The service allows clients to get a price quote in bitcoin for paying the fines which are denominated in South African rand by the traffic police. The transfer to the authorities will be done in fiat, just as any other fine payment, with Van Niekerk making the exchange. She believes that the value of bitcoin will rise with time so she is not afraid of short term depreciation during the process. It is promoted as a faster and lower cost option compared to bank transactions.
Pay Fines or HODL?
If this is not a joke, then this is good news. The extension of the boundaries of the users is pleasing. I did not think that I would hear such news from this region. With faith in bitcoin! Good luck to all of us)
That's a good news. it's good in terms of exposure. While many people consider bitcoin to be an investment property, I suspect anyone would actually use bitcoin to make a payment for the penalty. They will invest money instead.
This indeed is cool feature.
In essence tough, I believe that they do it only to try to get more people to pay their fines.
Nevertheless I hear that South Africa is very welcoming country when it comes to cryptos and i hope they will keep expanding such services.
Edit. Just saw that the topic is a bit different.
It seems that some guy is just using the situation and starting a business. Why not. Grabbing the opportunity.
In essence tough, I believe that they do it only to try to get more people to pay their fines.
Nevertheless I hear that South Africa is very welcoming country when it comes to cryptos and i hope they will keep expanding such services.
Edit. Just saw that the topic is a bit different.
It seems that some guy is just using the situation and starting a business. Why not. Grabbing the opportunity.
This is absolutely not surprising, since the African government is very actively implementing blockchain technology. I think very soon such news can be seen anywhere in the world. Crypto currency is needed by people 100%.
https://news.bitcoin.com/south-african-drivers-can-now-pay-traffic-fines-in-bitcoin/
A traffic fines administrator from the city of Alberton, South Africa has started accepting payments in bitcoin. Drivers from all over the country who wish to pay their tickets with the cryptocurrency can now do so via this new service.
Cornelia van Niekerk, the owner of Fines 4 u, serves about 500 businesses and 8,000 individuals for whom she manages the restitution of traffic violations. She told local media that she has been interested in bitcoin since June this year, and wanted to offer people who share her interest another opportunity to use their bitcoin in South Africa.
The service allows clients to get a price quote in bitcoin for paying the fines which are denominated in South African rand by the traffic police. The transfer to the authorities will be done in fiat, just as any other fine payment, with Van Niekerk making the exchange. She believes that the value of bitcoin will rise with time so she is not afraid of short term depreciation during the process. It is promoted as a faster and lower cost option compared to bank transactions.
Pay Fines or HODL?
A traffic fines administrator from the city of Alberton, South Africa has started accepting payments in bitcoin. Drivers from all over the country who wish to pay their tickets with the cryptocurrency can now do so via this new service.
Cornelia van Niekerk, the owner of Fines 4 u, serves about 500 businesses and 8,000 individuals for whom she manages the restitution of traffic violations. She told local media that she has been interested in bitcoin since June this year, and wanted to offer people who share her interest another opportunity to use their bitcoin in South Africa.
The service allows clients to get a price quote in bitcoin for paying the fines which are denominated in South African rand by the traffic police. The transfer to the authorities will be done in fiat, just as any other fine payment, with Van Niekerk making the exchange. She believes that the value of bitcoin will rise with time so she is not afraid of short term depreciation during the process. It is promoted as a faster and lower cost option compared to bank transactions.
Pay Fines or HODL?
Bitcoins are making their way further into the economy and are winning our lives. Soon in medical institutions will take bitcoins and on.
https://news.bitcoin.com/south-african-drivers-can-now-pay-traffic-fines-in-bitcoin/
A traffic fines administrator from the city of Alberton, South Africa has started accepting payments in bitcoin. Drivers from all over the country who wish to pay their tickets with the cryptocurrency can now do so via this new service.
Cornelia van Niekerk, the owner of Fines 4 u, serves about 500 businesses and 8,000 individuals for whom she manages the restitution of traffic violations. She told local media that she has been interested in bitcoin since June this year, and wanted to offer people who share her interest another opportunity to use their bitcoin in South Africa.
The service allows clients to get a price quote in bitcoin for paying the fines which are denominated in South African rand by the traffic police. The transfer to the authorities will be done in fiat, just as any other fine payment, with Van Niekerk making the exchange. She believes that the value of bitcoin will rise with time so she is not afraid of short term depreciation during the process. It is promoted as a faster and lower cost option compared to bank transactions.
Pay Fines or HODL?
I feel like very great if I heard something in progress of bitcoin, bitcoin is very sustainable and versatile crypto currency but now a days going into controversy because of its volatile nature that its frequently flactuating valution and that is why people are not finding it much trust worthy now but still there is a lot to go with bitcoin, it has always made a tremendous progress since when it was introduced and now even countries are also getting the real potential of bitcoin and working over it. A traffic fines administrator from the city of Alberton, South Africa has started accepting payments in bitcoin. Drivers from all over the country who wish to pay their tickets with the cryptocurrency can now do so via this new service.
Cornelia van Niekerk, the owner of Fines 4 u, serves about 500 businesses and 8,000 individuals for whom she manages the restitution of traffic violations. She told local media that she has been interested in bitcoin since June this year, and wanted to offer people who share her interest another opportunity to use their bitcoin in South Africa.
The service allows clients to get a price quote in bitcoin for paying the fines which are denominated in South African rand by the traffic police. The transfer to the authorities will be done in fiat, just as any other fine payment, with Van Niekerk making the exchange. She believes that the value of bitcoin will rise with time so she is not afraid of short term depreciation during the process. It is promoted as a faster and lower cost option compared to bank transactions.
Pay Fines or HODL?
If my opinion this is a good innovation by South African driver administrators, the tax can be easily paid anytime.Africa is a friendly country Bitcoin one of the best countries to invest Bitcoin we are also one of the best countries to buy and sell Bitcoin Africa has made a decision great, this is good news and good for many countries by providing development of cryptocurrency and Bitcoin. Maybe other countries will introduce cryptocurrency.
Nice move from Cornelia van Niekerk a Good awareness and education for the people Teaching and educating them about Bitcoin, Cornelia van Niekerk has make a Great move and have down well for the people, South African Drivers can now know what is Bitcoin.
All other countries or agencies should do the same as Cornelia van Niekerk, Bitcoin inspired.
All other countries or agencies should do the same as Cornelia van Niekerk, Bitcoin inspired.
for one of African country to accept bitcoin in there domain,this is a welcome development to the bitcoin investor.long life bitcoin
I don't even need to take some research out of this one, Africa is bitcoin-friendly one of the best countries to invest your bitcoin in, also one of the best countries to buy and sell bitcoin, Africa has made a great decision, I think that their economy would boost in the upcoming years and especially since you can now pay your traffic fines in bitcoin here in Africa I'd definitely see the growth of this country in the next 5 years as bitcoin develops I am also sure that Africa will develop also.
maybe you should do some research
many places in africa, the wage is the equivelent of 5cents an hour. meaning just for bitcoins tx fee is an hours labour..
however, other currencies have peeked the interest of africans. where the fee's are negligable/non existant, thus more beneficial for the unbanked/low pay communtities over there.
i have personally sen it how africans liked bitcoin early on and i sen some good adoption occuring. but then 2013+ those same people started to hate what bitcoin was becoming and adoption declined. now they are looking into other coins.
also as my other post said. this topic is not about a government agency adopting bitcoin but a individual middleman grabbing peoples bitcoin and then him paying off a fine. the government agency probably has no idea bitcoin is involved at all
A government agency accepting bitcoin is a good news for the community
its not a government agency adopting bitcoin.
its not a countries public officials adopting bitcoin
its a private individual accepting bitcoin and then that private individual paying the fine on your behalf using fiat.
damn these word twisted stories trying to confuse the reality, just to make things sound better..
the problem is when people do the research and find the truth they start to see all the gimmicks and lack of a "real revolution"
The problem with this is that these services operate for a while and they are centralized. The moment when they seize operation, then people will have to resort to paying with traditional payment options. We need these traffic offices to make a decision to accept Bitcoin directly and not through some third party services.
They also say that they are cheaper, but they have to add their "admin" cost for their services and that might nullify the cost associated with normal payment options.
They also say that they are cheaper, but they have to add their "admin" cost for their services and that might nullify the cost associated with normal payment options.
Already on the African continent, new technologies are being introduced. I think this will benefit, because the continent is not very rich.
I heard that the price of bitcoin in Africa is different. Is it so?
I heard that the price of bitcoin in Africa is different. Is it so?
it is good news for us crypto users, it can raise the good name of bitcoin, and hope the steps undertaken by african is also followed by another country.
maybe Bitcoin first transfer to Fiat in South Africa, then Fiat money is paid to pay taxi. because on the basis of its Bitcoin up and down within a few seconds. And who became the benchmark payment there is the Fiat.
and this becomes a vast discourse for Bitcoin da to be a great News.
If South Africa can so other countries should come forward too. I South Africa had made a revolutionary choice by doing so. It is not far that their economy will rise above their hope. Bitcoin is a door to go a better place and now many government have known that and I am sure that they will succeed.
But Bitcoin's price fluctuations are so great that traffic fines are part of the state's fiscal revenue. It must be stable. If Bitcoin is used to pay traffic fines, does it need to refer to the current Bitcoin market price?
That's a wonderful initiative and a diversification from the traditional method of using fiat to pay for goods or services or fines (lol). In the event a person is fined, my take is that fiat is a better way of payment as using the bitcoin currency may eventually prove to be a move that is not smart as the value of bitcoins may grow to becoming many times the current value.
Pay via FIAT.
Pay via FIAT.
I don't even need to take some research out of this one, Africa is bitcoin-friendly one of the best countries to invest your bitcoin in, also one of the best countries to buy and sell bitcoin, Africa has made a great decision, I think that their economy would boost in the upcoming years and especially since you can now pay your traffic fines in bitcoin here in Africa I'd definitely see the growth of this country in the next 5 years as bitcoin develops I am also sure that Africa will develop also.
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