South African drivers can now pay fines with bitcoins
The Traffic Fines Service of Alberton, South Africa, has begun accepting payments in bitcoins. Drivers across the country who want to pay their fines in crypt currency can now do so through the new service. Cornelia van Niekerk, owner of Fines4U, a company that specializes in the legal reduction of driving fines throughout South Africa, works with 500 companies and 8,000 people. 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 the crypt currency in South Africa. The service allows customers to get a price quote in Bitcoins for fines that are displayed in the South African rand by the local traffic police. The transfer of funds to the authorities will be in fiat currency, as with all other fines, and Nickerk will conduct exchange transactions. She believes the cost of Bitcoin will increase over time, so she is not afraid of short-term depreciation during the process. This service is being promoted as a faster and cheaper option compared to banking transactions. Should I pay a fine or store my bitcoin? As you can imagine, many people do not want to part with their bitcoins in the days when the price of cryptographic software is growing so fast. Despite the fact that Nickerk has started an active advertising campaign for the new service, so far no one has been willing to use it. However, the offer has attracted the attention of those people who want to learn more about bitcoin use in South Africa.