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From this month, SUDPS will only accept bitcoin payment fines. In order to incorporate this new technology into campus law enforcement, in the future, Bitcoin will become the only effective payment method if someone has a traffic violation and needs to pay a fine. At present, the fines issued by the Stanford University Public Security Department are paid by cheques. However, due to the current high transaction costs, some additional costs will be incurred after paying the penalty.
Bill Larson, a spokesman for Stanford University’s public security department, said that they had never done this before. But now in 2018, it is time for Stanford's public security forces and student groups to meet the digital age. Charles Lu, a member of the Bitcoin Club at Stanford University, welcomed the change.
Charles Lu said: "This policy is beneficial to Bitcoin. Stanford University is at the forefront of technological advancement, so the message we are passing here is that whether you like it or not, the blockchain really is the trend of the future."
Some people think that Bitcoin's volatility is too great, making transactions difficult.
In this regard, Charles Lu said: "I believe that the value of Bitcoin will be stabilized because people begin accepting Bitcoin as a trading method. If we do not act now to make Bitcoin a mainstream currency, then we Some people will have to be explained," Larson said. He believes those who break the law will be punished.
Larson said that although students will be punished for violations, they also become more aware of the use of bitcoin to trade in such a form. FX678 reported that digital cryptocurrencies may be the development trend of the future currency. Therefore, more and more companies and institutions are beginning to accept cryptocurrency payments. Although people are more likely to accept Bitcoin as a payment method, Larson said he hopes people will accept other digital currencies such as dog coins as a payment method.
Article Source: From the financial sector to Huitong.com
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