Seminole County Florida Sets To Accept Crypto For Tax Payment
One of the tax collector identified as Joel M. Greenberg in the Seminole County, Florida, had announced that from May 14, the county will begin accepting cryptocurrency for transactions of various services this summer so to enable some people eliminate heavy fees and improve payment accuracy and efficiency.
A report released by the press has it that the county will begin to accept Bitcoin (BTC) and Bitcoin Cash(BCH) for payment of services rendered, including property taxes, driver license and ID card fees, as well as tags and titles.
According to the report, The Seminole County Tax Collector is expected to employ the service of blockchain-payments company BitPay, so to enable the county receive their settlement the next business day directly to its bank account in US dollars.
“We live in a world where technology has made access to services on demand, with same-day delivery and the expectation of highly efficient customer service and we should expect the same from our government,” Greenberg, said.
He added;
“The aim of my tenure in office is to make our customer experience faster, smarter, and more efficient, and to bring government services from the 18th century into the 21st century and one way is the addition of cryptocurrency to our payment options.”
With the new development, the county is planning to eliminate those risks connected to credit card usage, such as fraud and identity theft.
BitPay, revealed that Seminole county is the first government agency to use the company’s services.
Reports online have it that earlier this month in the state of Arizona, a bill that is expected to permit state residents to pay taxes using crypto was amended, which eliminated the provisions that obligated the state to accept cryptocurrency. Instead, the bill merely obliges the Department of Revenue to “study” whether a taxpayer may “pay the taxpayer’s income tax liability by using a payment gateway, such as Bitcoin, Litecoin or any other cryptocurrency.”
