Popular crypto payment processor, Bitpay, announced formal agreement with Florida's Seminole County Tax Collector, Joel M. Greenberg. Bitcoin core (BTC) and bitcoin cash (BCH) can now both be used for tax payments, beginning this summer. County residents can pay in crypto for driver licenses, ID cards, and even property taxes.
Bitpay Allows Enthusiasts in Seminole County, Florida to Pay Taxes in Crypto
File under: bitter sweet. Joel M. Greenberg, Seminole County Tax Collector, explained, "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."
Cryptocurrency isn't necessarily moral nor immoral. It is an amoral technology, a tool. It can be used for terrorism, vacation getaways, housing, and, now, taxes. As governments are wont, they're usually immune from innovation. But when it comes to revenue collection they're surprisingly spry, alert, on it. Paying taxes by credit or debit has been a thing for a while, but always involved processors taking a heavy cut. The advent of crypto and the Bitpay Visa does away with a great many previous frictions, making the expropriation experience win-win: enthusiasts don't have to do yet another conversion, and governments save in fees.