Florida Tax Collector to Settle for Bitcoin, Bitcoin Money Payments

A Florida county tax collector has partnered with bitcoin payments processor BitPay to acknowledge cryptocurrency for a selection of products and services.

Seminole County Tax Collector Joel Greenberg explained in a statement Monday that his place of work will take bitcoin and bitcoin income for payments involved with driver licenses and ID cards, automobile tags and titles and house tax.

The place of work determined to acknowledge the cryptocurrencies in an hard work to streamline rate assortment, reduce the likely for fraud and id theft and increase the transparency and precision of payments. Greenberg’s place of work added that it does not perceive any “price tag volatility or possibility to the County” in accepting the cryptocurrencies.

Greenberg explained in the statement:

“The purpose of my tenure in place of work is to make our buyer expertise speedier, smarter and extra effective, and to bring government products and services from the 18th century into the 21st century and just one way is the addition of cryptocurrency to our payment possibilities.”

The collaboration with the Seminole County Tax Collector marks BitPay’s 1st government partnership. Head of compliance Jeremie Beaudry explained the company was launched simply because “we regarded the likely for blockchain to revolutionize the economical marketplace, creating payments speedier, extra protected and less pricey on a world-wide scale.

“With the Seminole County Tax Collector’s place of work, we have engaged our 1st government company to acknowledge bitcoin and bitcoin income by creating it easy and seamless for them,” he added.

Having said that, Greenberg’s place of work is not the only nearby government entity that has entertained the strategy of accepting cryptocurrency for taxes.

Arizona and Georgia lawmakers equally proposed bills this 12 months that would make it possible for citizens to pay back their condition tax liabilities in bitcoin and other cryptocurrencies, though neither monthly bill manufactured it by means of their respective legislatures.

Calculator image by way of Flickr 

The chief in blockchain information, CoinDesk is a media outlet that strives for the optimum journalistic benchmarks and abides by a stringent set of editorial guidelines. CoinDesk is an independent operating subsidiary of Digital Currency Team, which invests in cryptocurrencies and blockchain startups.


Please enter your comment!
Please enter your name here