Post
Topic
Board Bitcoin Discussion
Re: Tax Collector to Accept Bitcoin
by
Roboabhishek
on 17/05/2018, 19:32:39 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.



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

This is a big step for the cryptocurrency market, as all government places are shy but if one were to step into it I’m sure many would follow. However, I do believe this is risky for them due to the instability of Bitcoin and Bitcoin Cash, but it will defiantly get the name out for the currencies.

Quote
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.
This is a great step forward and I’m looking to see what other governments have to come.