Tax Collector Of Florida Partnered with BitPay to Accept Bitcoin And Bitcoin Cash
Seminole County Tax Collector Joel Greenberg said in articulation on Monday that his office will take bitcoin and bitcoin cash for payments connected with driver licenses and ID cards, automobile tags and property tax.
The office chose to accept the cryptocurrencies in an exertion to streamline fee collection, diminish the possibilities of fraud and identity theft and build the transparencies and correctness of payments. Greenberg’s office included that it doesn’t recognize any “price instability or risk to the County” in accepting the cryptocurrencies.
Greenberg said in the statement:
“The object of my security in office is to make our client experience faster, smarter and more efficient, and to bring management services from the 18th century into the 21st century and one way is the interest of cryptocurrency to our payment options.”
The coordinated effort with the Seminole County Tax Collector marks BitPay’s first government partnership.
The Head of Jeremie Beaudry said:
“The organization was started because we recognized the potential for blockchain to change the financial industry, making payments faster, more secure and less expensive on a global scale.”
“With the Seminole County Tax Collector’s office, we have engaged our first government agency to accept bitcoin and bitcoin cash by making it easy and seamless for them.”
However, Greenberg’s office is not just a local government entity that has entertained the idea of accepting cryptocurrency for taxes.
Arizona and Georgia lawmakers both suggested bills this year that might permit citizens to pay their state tax liabilities in bitcoin and different cryptocurrencies, however not bill committed it through their particular assemblies.