Seminole County, Florida Accepts Cryptocurrency for Tax Payment

Seminole County Florida To Accept Crypto for Tax Payment

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  • Seminole County, Florida to begin accepting digital currencies for tax payment.
  • The county claim this move brings improvement and accuracy to payments and also eliminates heavy fees and risks.

United States: Joel M. Greenberg, the tax collector for the Seminole County, Florida, has announced yesterday 14th May that Seminole, as from this summer, will begin to accept digital currencies for payment for several services. He said this move brings improvement and accuracy to payments and also eliminates heavy fees.

A press release states that Seminole county is considering accepting Bitcoin, and Bitcoin Cash for payment for various services, which include ID card fees, driver license, and property taxes, as well as titles and tags. According to report, Greenberg will engage the service of BitPay – a blockchain payments company, which will enable Seminole county receive settlement every other business day straight into its bank account in USD. Greenberg commented:

“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. 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.”

The county stated that this move aims at removing risks associated with the use of credit cards, such as identity theft and fraud. BitPay explained that Seminole County is the first government agency to employ the services of the company. reported earlier this month that the Arizona House of Reps passed Senate Bill 1091, a tax bill that would permit Arizonans to pay their taxes using digital currencies. However, following the recent vote, this idea has been blocked with amendments. And the House of Reps compelled the Department of Revenue to consider accepting alternative forms of payment and 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…”

Also, early last month, Lafayette Parish, Louisiana was reportedly considering creating own digital currency and initial coin offering.

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