Megalith
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Florida’s Seminole County is reportedly the nation's first government agency to accept cryptocurrency for tax payment: residents may send “bitcoin as payment for new IDs, license plates, and property taxes starting next month.” County tax collector and advocate Joel Greenberg claims it will promote transparency and accuracy in payment, but other officials say that BTC is too volatile to make sense.
Greenberg, a longtime cryptocurrency enthusiast, is bullish on the move and said it will help reduce fraud and identity theft because payments cannot be altered once they’re made. “The technology is so new and so promising,” Greenberg said, noting taxpayers would be subject to a 1 percent fee BitPay collects, lower than fees charged by credit-card companies.
Greenberg, a longtime cryptocurrency enthusiast, is bullish on the move and said it will help reduce fraud and identity theft because payments cannot be altered once they’re made. “The technology is so new and so promising,” Greenberg said, noting taxpayers would be subject to a 1 percent fee BitPay collects, lower than fees charged by credit-card companies.