Park Circa Lets You Sell Your Parking Spot for Cash
Michael Hines — March 9, 2011 — Autos
References: parkcirca & springwise
Finding a parking spot may soon be as easy as opening an app thanks to Park Circa. Park Circa is a peer-to-peer parking spot network in which people can list and lease their parking spots for an hourly rate.
Users search their local area for parking spots listed as open. Users can then park their car in the open spots, provided they pay a per-hour fee set by the owner of the spot. Park Circa has a prepaid system that lets users load money into a Park Circa account for use on-the-go.
As with all awesome ideas, the Park Circa app isn't a reality just yet. Park Circa is currently in beta testing, trying to gauge interest and possibly test the honesty of its users. Hopefully Park Circa manages to find its footing and some members to secure a wide release. Downtown parking, your days of doom are numbered.
Users search their local area for parking spots listed as open. Users can then park their car in the open spots, provided they pay a per-hour fee set by the owner of the spot. Park Circa has a prepaid system that lets users load money into a Park Circa account for use on-the-go.
As with all awesome ideas, the Park Circa app isn't a reality just yet. Park Circa is currently in beta testing, trying to gauge interest and possibly test the honesty of its users. Hopefully Park Circa manages to find its footing and some members to secure a wide release. Downtown parking, your days of doom are numbered.
Trend Themes
1. Peer-to-peer Parking Apps - The growth of peer-to-peer parking apps provides new revenue streams for individuals and investors looking to cash in on the sharing economy.
2. On-demand Parking Networks - On-demand parking networks offer a convenient and cost-effective solution for drivers, while opening new avenues for businesses to monetize empty parking spaces.
3. Prepaid Parking Systems - Prepaid parking systems provide a secure and hassle-free way for drivers to book and pay for parking on-the-go, while enabling businesses to streamline their operations and cash in on the mobile payment trend.
Industry Implications
1. Transportation and Logistics - Peer-to-peer parking apps and on-demand parking networks have significant disruptive potential in the transportation and logistics industry, enabling businesses to monetize unused spaces and providing new revenue streams for parking lot owners.
2. Real Estate - Peer-to-peer parking apps have the potential to transform the real estate industry by creating new markets for parking space owners and improving the overall value of properties.
3. Mobile Payments - Prepaid parking systems leverage the growing trend towards mobile payments and offer new opportunities for financial institutions and fintech companies to enter the mobile payment market.
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