Ohio State Government’s Payment Portal Now Accepts Bitcoin and Bitcoin Cash

2018-12-3 21:23

Ohio Accepts Bitcoin And Bitcoin Cash

Ohio has made an interesting move and it may just be that other states will follow. The state now accepts Bitcoin and Bitcoin Cash through its BitPay-serviced payment portal.

CCN reported on the issue and stated:

“Ohio will become the first state in the US to officially accept tax payments in bitcoin, according to a Wall Street Journal Report. Beginning this week, businesses who plan to make settlements for their taxes with bitcoin can visit OhioCrypto.com and register to pay all their corporate taxes to the government in BTC. The state government has partnered with crypto payment processor BitPay to handle the payment in crypto and conversion to dollars for the tax office.”

The big question that arises here is whether this approach makes cryptocurrency a currency. At the end of the day, even though Ohio allows for payments using bitcoin, it will convert the payment into dollars. As a result, it isn’t as if the state is accepting and keeping the payments in cryptocurrencies. On the payee side though, it allows them to keep all of their payments, transactions, and tax payments in cryptocurrency, which means that they can remain in the ecosystem.

Further, payments in cryptocurrency may be better than traditional currency payments due to the low fees. Thus, those who pay Ohio state taxes and are looking to cut down on fees may want to consider paying in Bitcoin or Bitcoin Cash.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

Bitcoin (BTC) на Currencies.ru

$ 69651.11 (-0.01%)
Объем 24H $20.106b
Изменеия 24h: 0.05 %, 7d: 0.62 %
Cегодня L: $69273.29 - H: $70084.67
Капитализация $1372.861b Rank 1
Цена в час новости $ 3894.31 (1688.54%)

bitcoin ohio state accepts cash portal payment

bitcoin ohio → Результатов: 29


Bitcoin, Blockchain and Cryptocurrency News For Today November 26th [VIDEO]

Do You Owe Tax Money In Ohio? You Can Now Use Bitcoin As Settlement! Do You Owe Tax Money In Ohio? You Can Now Use Bitcoin As Settlement! Bitcoin ABC's Bitcoin Cash Software Enhancement Prevents Chain Reorganizations Bitcoin ABC's Bitcoin Cash Software Enhancement Prevents Chain Reorganizations Crypto Market Sees Major Sell Off Causing Tokens To […]

2018-11-27 22:42


Top Bitcoin, Blockchain and Crypto News For Today October 23 [VIDEO]

Bitcoin Insurance May See Homeowner Policy Coverage Protection in Ohio Crypto Theft Court Case Bitcoin Insurance May See Homeowner Policy Coverage Protection in Ohio Crypto Theft Court Case Chile's Buda Crypto Exchange Adds Bitcoin Lightning Network Functionality to Its Platform Chile's Buda Crypto Exchange Adds Bitcoin Lightning Network Functionality to Its Platform How Ripple's xRapid […]

2018-10-24 02:12