US: Seminole County Florida To Accept Crypto For Tax Payment
From Cointelegraph
The Seminole County, Florida, tax collector Joel M. Greenberg announced May 14 that the county will begin accepting cryptocurrency for payment for various services this summer in order to eliminate heavy fees and improve payment accuracy and efficiency.Read more: https://cointelegraph.com/news/us-seminole-county-florida-to-accept-crypto-for-tax-paymentAccording to a press release, the county will begin accepting Bitcoin (BTC) and Bitcoin Cash (BCH) to pay for services, including property taxes, driver license and ID card fees, as well as tags and titles. The Seminole County Tax Collector will reportedly employ blockchain payments company BitPay, which will allow the county to receive settlement the next business day directly to its bank account in US dollars. Greenberg commented on the initiative:
“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.”
Being able to use bitcoin to your taxes is actually a huge deal and helps give bitcoin real backing. Since the removal of gold backing, today's modern nation state currencies are backed by the tax paying populace that must use it them to pay their taxes. They hold value because you need them to pay taxes and live your life. When you can do that with bitcoin it gains the same value and status. This is a backdoor fiat of bitcoin!
Leave your thoughts in the comments below.
Follow @contentjunkie to stay up to date on more great posts like this one.
Click one of the links below to signup for a free crypto trading account
If it is true, it came quick, and I did not expect it to ever happen.
@youtake pulls you up ! This vote was sent to you by @stimialiti!
You got a 16.67% upvote from @sleeplesswhale courtesy of @stimialiti!
@contentjunkie If this is a valid information, it is great and bring a big step up for bitcoin holders and for the technology.
@therealwolf 's created platform smartsteem scammed my post this morning (mothersday) that was supposed to be for an Abused Childrens Charity. Dude literally stole from abused children that don't have mothers ... on mothersday.
https://steemit.com/steemit/@prometheusrisen/beware-of-smartsteem-scam
This post has received a 11.2 % upvote from @boomerang.
Back in day, lets say medieval period, its was believed that the earth is flat but findings has it that the earth spherical...sir your Post @upvote and @resteemit done.
?????