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Using Blockchain to Pay Parking Tickets

Stockhouse Editorial
0 Comments| April 16, 2018

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Paying a parking ticket is enough of a headache, but a Vancouver-based tech Company is adding a feature to its mobile pay app to make it easier.

Glance Technologies Inc. announced Monday that an upcoming feature to its Glance Pay app will allow users to pay their tickets taking a photo through the app. In a news release, the Company adds that this will also save money by eliminating late payment fees as well as impound fees.

The app is intended for consumers and merchants, but the Company is looking to expand its potential wherever possible. Glance also recently purchased an end-to-end blockchain solution and is working on its own rewards-based cryptocurrency.

The parking ticket industry is a significant money-maker, with some individual authorities raking in more than $100 million.


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