Post
Topic
Board Bitcoin Discussion
Re: Tax Collector to Accept Bitcoin
by
cherryfer
on 16/05/2018, 08:54:48 UTC
Florida Tax Collector to Accept Bitcoin, Bitcoin Cash Payments

A Florida county tax collector has partnered with bitcoin payments processor BitPay to accept cryptocurrency for a variety of services.

Seminole County Tax Collector Joel Greenberg said in a statement Monday that his office will take bitcoin and bitcoin cash for payments associated with driver licenses and ID cards, automobile tags and titles and property tax.

The office decided to accept the cryptocurrencies in an effort to streamline fee collection, reduce the potential for fraud and identity theft and increase the transparency and accuracy of payments. Greenberg's office added that it does not perceive any "price volatility or risk to the County" in accepting the cryptocurrencies.

credits: https://www.coindesk.com/florida-tax-collector-accept-bitcoin-bitcoin-cash-payments/



That's very nice for them to use conveniently method like payment of bitcoin but there will have also risky because we do not know when did bitcoin last. or probably its just a simple of saying "OK THAT'S NICE" if bitcoin become stable and primary use to the said country. How about if bitcoin totally shout down eventually, how will you do your bitcoin stock accepted from buyers? that's the big question here.