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 am really impressed to read this news. Thank you for letting us know about it. I'm expecting way more from South Africa.
That's a prediction of an expert by this year 2017 end, bitcoin hit up to $10,000. And for me i agree to those who said bitcoin reach to $10,000, because we already know that the value was so very fast to increase his value, that's why it's not posible to hit that prediction. And now the value of bitcoin sometimes goes down but the pump up was so high.
This price prediction is realistic because we have already reach $7,000 now which we think it's not gonna happen this year. Bitcoin has been getting the attraction of a lot of people and the moment we see a continues adoption that will only make the price rise and rise again.
I also think that 10K USD price predictin is pretty much realistic. if trend goes in the same way we can even see bigger prices.
Post
Topic
BoardAltcoin Discussion
Re: Investing in cryptocurrencies
by
ari.nielsson
on 12/10/2017, 10:02:23 UTC
I have just started trading / investing crypto currencies. my trouble is that I'm very new and I have lack of knowledge.