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The state is working with the cryptocurrency payment startup BitPay to handle its payments, which will convert the bitcoin to dollars. Not sure if this
by TekMol 8y ago
The state is working with the cryptocurrency
payment startup BitPay to handle its payments,
which will convert the bitcoin to dollars.
Not sure if this really counts as 'accepting Bitcoin for tax payments'. You surely can pay in anything via a middleman, as long as the middleman sends dollars to the state?
- 27182818284 8y agoThat's a good point, and should be mentioned, but I think it is also important to remember that businesses "accept Visa for payments" via a middleman (e.g, Braintree or Stripe) and that is still considered the same as "accepting Visa" as far as the general public and shop owners are concerned.
- JumpCrisscross 8y ago> and that is still considered the same as "accepting Visa" as far as the general public and shop owners are concerned Which is itself accepting a payment network’s promises to deliver bank deposits to you which are, themselves, a promise by a bank to redeem to you electronic or physical dollars. Ohio is replacing the Visa layer with a Bitcoin layer; all else is the same.