Florida County to Allow Citizens to Pay for Government Services with Bitcoin

Florida County to Allow Citizens to Pay for Government Services with Bitcoin

 Florida County to Allow Citizens to Pay for Government Services with Bitcoin
Florida County to Allow Citizens to Pay for Government Services with Bitcoin

It may be considered to be small to some, but the government officials running it could be considered ahead of their time when it comes to the willingness to try new things.

We’re talking about Seminole County in Florida, where residents will soon be allowed to pay for a wide array of government services with .

The county’s tax collector, Joel Greenberg, announced this week that his office is going to allow people to pay for county services with the crypto beginning next month. Services include covering fees for identification cards and license plates.

Citizens will also be able to pay their property tax bills with Bitcoin.

Volatility concerns

One of the main concerns related to Bitcoin, as you know, is its volatility. For governments, the risk is very much a concern because if Bitcoin’s price slips, governments could end up not collecting the full amount of whatever they are collecting from citizens.

This could be detrimental to their budgets.

To address this issue, Seminole County is working with BitPay. To a local media outlet, BitPay’s head of compliance said the following:

“The county tax office won’t face any volatility risk. There’s no risk to the taxpayer,” said Greenberg, who has often raised eyebrows since his 2016 election by moves including encouraging certain employees with concealed-weapons permits to carry a firearm openly as a security measure. “Blockchain technology is the future of the whole financial industry.”

Governments warm to crypto

Seminole will join at least one other government in the U.S. in allowing for Bitcoin payments.

We’ve reported to you about Arizona lawmakers drafting legislation that would allow citizens to cover their tax obligations with Bitcoin.

The bill is currently sitting on the governor’s desk, waiting to be signed into law. If he does sign it, which he is expected to do, it would make the western state the first in the U.S. to allow for such crypto-related concessions.

This article appeared first on Cryptovest

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.


Published at Wed, 16 May 2018 17:30:51 +0000


Get more stuff like this
in your inbox

Subscribe to our mailing list and get interesting stuff and updates to your email inbox.

Thank you for subscribing.

Something went wrong.