The Florida Tax Authority will partner with the BitPay payment system and allow citizens to pay for various services in cryptocurrency. Among other things, cryptocurrency will be used to pay property taxes and pay for the issuance of driver’s licenses, identification cards and car license plates, government spokesman Joel Greenberg said today.
The regulator decided to accept cryptocurrency as a means of payment to simplify the payment of fees, reduce the likelihood of fraud and identity theft, and to increase the transparency and accuracy of payments. Greenberg said such actions do not pose any risk to the country's budget associated with volatility.
“The purpose of my tenure is to make our services faster, more optimal and more modern. One of the ways to achieve this goal is the ability to pay with cryptocurrency,” says Greenberg.
For BitPay, this is the first collaboration with a government agency. Chief Compliance Officer Jeremy Beaudry is confident that blockchain will transform the financial industry by making payments faster, safer and cheaper.
Florida is not the only state to have this idea. Arizona and Georgia filed bills this year that would allow citizens to pay their state tax obligations in bitcoin and other types of cryptocurrencies, but neither of these bills passed.
Read also: Illinois considers paying taxes in Bitcoin
According to https://www.coindesk.com
You May Also Like
Bitcoin fell below $36,000
On the evening of May 5, quotes of the first cryptocurrency dropped to levels near $35,500. At the time of writing, the price had adjusted to levels around $36,500
What awaits Bitcoin: steady growth to $100 thousand or a collapse?
The main cryptocurrency has shown a sharp rise in quotes in recent days, rising above $65,000 for the first time since April. Against this background, the achievement of new historical highs is not far off. Will Bitcoin reach $100,000 this year, or is the market heading for a correction?
