Mayor Scott Conger of the United States city of Jackson, Tennessee, recently stated that the city’s blockchain task force had begun research on potential means for accepting Bitcoin property tax payments in the city. Jackson is still looking at a potential foray into cryptocurrencies and is now finally considering accepting Bitcoin for property tax payments.
Employees will be able to dollar-cost average Bitcoin purchases or buy lesser amounts of Bitcoin at regular intervals, owing to the blockchain group’s efforts. The greatest technique for accumulating Bitcoin is to purchase it in small increments at a low cost.
Conger pushed for Bitcoin acceptance in May, announcing the formation of a Blockchain task force and changing his Twitter profile picture to the laser-eyes image popular among Bitcoin aficionados.
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https://news.todayq.com/news/tennessee-considering-to-accept-bitcoin-for-property-tax-paymentsIt's an important development. It's not about the availability of bitcoin as a payment method of property taxes, but the association of bitcoin with the government departments. That's what matters the most. Because such kind of associations will definitely increase the reputation of bitcoin among common mass and make them intrigued about it. That's what we need. Before deep-pocketed corporates buy the available bitcoins from the market, it's important that a common man understands its importance. Association with Government departments will speed up this process for sure!