Florida County to Accept Crypto Payments

US-based BitPay will provide a BTC and BCH payment system to the Seminole County Tax Collector

by Kalina Tekelieva
15 May • 2 min
In News

Taxpayers in the Seminole County in the US state of Florida will be able to pay with Bitcoin (BTC) and Bitcoin Cash (BCH) for various services as of an unspecified date this summer, the county’s tax collector Joel Greenberg announced on Monday.

The service, which is set to be the first of its kind in the US, will be provided through a partnership with Atlanta-based blockchain payment processor BitPay. It will help reduce heavy third-party processor fees associated with debit or credit card payments, as BitPay charges just 1% to settle a BTC or BCH transaction, Greenberg said in a statement. Moreover, it will contribute towards making payments more accurate, efficient, and transparent and will combat potential frauds and identity thefts linked to credit cards.

“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,” Greenberg said.

The county’s residents will be able to choose paying in BTC or BCH for services related to driver licenses, ID cards, vehicle tags, titles and property tax. The Tax Collector will get the money in US dollars in its bank account the next business day.

For BitPay, which provides organizations with crypto payment systems, this is the first government deal, head of compliance Jeremie Beaudry said in the same statement.

 

Payments with crypto in the US

The idea to introduce payments for products and services in virtual currencies has been on the agenda of other local governments in the US as well. In January, state legislators in Arizona proposed a bill that recognizes cryptocurrencies as currency and not commodity, so that citizens can pay their tax liabilities using BTC and other coins. A month later, a similar bill was proposed by two senators in the state of Georgia. However, neither of the bills has received approval so far.