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Florida Tax Collector to Accept Bitcoin, Bitcoin Cash Payments

A Florida county tax collector has partnered with bitcoin bills processor BitPay to just accept cryptocurrency for quite a few products and services.

Seminole County Tax Collector Joel Greenberg mentioned in a remark Monday that his place of job will take bitcoin and bitcoin money for bills related to driving force licenses and ID playing cards, automotive tags and titles and belongings tax.

The place of job determined to just accept the cryptocurrencies with the intention to streamline rate assortment, cut back the possibility of fraud and identification robbery and building up the transparency and accuracy of bills. Greenberg’s place of job added that it does now not understand any “worth volatility or chance to the County” in accepting the cryptocurrencies.

Greenberg mentioned within the remark:

“The purpose of my tenure in place of job is to make our buyer enjoy sooner, smarter and extra environment friendly, and to convey govt products and services from the 18th century into the 21st century and a method is the addition of cryptocurrency to our fee choices.”

The collaboration with the Seminole County Tax Collector marks BitPay’s first govt partnership. Head of compliance Jeremie Beaudry mentioned the corporate used to be introduced as a result of “we identified the possibility of blockchain to revolutionize the monetary trade, making bills sooner, extra protected and more economical on a world scale.

“With the Seminole County Tax Collector’s place of job, we have now engaged our first govt company to just accept bitcoin and bitcoin money by way of making it simple and seamless for them,” he added.

On the other hand, Greenberg’s place of job isn’t the one native govt entity that has entertained the speculation of accepting cryptocurrency for taxes.

Arizona and Georgia lawmakers each proposed expenses this 12 months that will permit voters to pay their state tax liabilities in bitcoin and different cryptocurrencies, although neither invoice made it via their respective legislatures.

Calculator symbol by way of Flickr 

The chief in blockchain information, CoinDesk is a media outlet that strives for the absolute best journalistic requirements and abides by way of a strict set of editorial insurance policies. CoinDesk is an impartial running subsidiary of Virtual Forex Staff, which invests in cryptocurrencies and blockchain startups.

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