Florida's Seminole County has partnered with bitcoin payment service provider BitPay to start accepting cryptocurrencies such as Bitcoin (BTC) and Bitcoin Cash (BCH) for payment of taxes and other services starting this summer. It is probably the first U.S. government agency to accept cryptocurrency.
A press release from Seminole County Tax Collector Joel Greenberg said the payment of taxes through blockchain-based Bitpay platform will enable tax payers to avoid the heavy third-party processor fees while paying taxes by credit or debit card.
Seminole County Tax Collector will also accept bitcoin and bitcoin cash for other services such as property tax, driver license and ID card fee, tags and titles. The county will receive settlement the next business day directly to its bank account in U.S. dollars, without any price volatility or risk.
BitPay enables transactions from any computer or mobile device making it easy for county residents. BitPay charges 1 percent for approving the crypto transaction and settlement.
"With the Seminole County Tax Collector's office, we have engaged our first government agency to accept bitcoin and bitcoin cash by making it easy and seamless for them e," said Jeremie Beaudry, Head of Compliance at BitPay.
The country is not alone in making efforts to start accepting cryptocurrency for taxes. Lawmakers in the states of Georgia and Arizona have made attempts, though unsuccessful, through proposed bills to allow citizens to pay their state taxes in bitcoin and other cryptocurrencies.
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