Ron DeSantis to allow Florida businesses to pay state fees with crypto

Ron DeSantis to allow Florida businesses to pay state fees with crypto
фото показано с : invezz.com

2021-12-12 18:37

The governor of Florida, Ron DeSantis, has urged authorities to allow local businesses to pay for state fees using Bitcoin (BTC/USD) or other cryptocurrencies. The crypto payments made by businesses should be paid directly to the Department of State.

DeSantis, who is also a member of the Republican party, also added that authorities need to launch pilot programs that will look into how blockchain technology can be used to monitor motor vehicle records and validate other processes such as Medicaid settlements.

Florida governor advocates for crypto

DeSantis added this proposal as part of the 2022-2023 budget. He opined that business entities operating in Florida should have the freedom to pay state fees directly using digital assets.

He further advocated for the state to support crypto innovations by recommending that part of the budget, approximately $250,000, be used to support the Blockchain Title Pilot Program within the Department of Highway Safety and Motor Vehicles.

DeSantis noted that blockchain technology can be used in automating and verifying various processes such as monitoring automobile records. He also added that blockchain technology should be used in Florida’s Agency for Health Care Administration. As such, the technology can be used to authenticate processes such as Medicaid transactions and detect fraud cases.

DeSantis also noted that the entire sum used to support the entire crypto sector would equate to $700,000. He stated,

This is something that we welcome, and we want to make sure that the state government is crypto-friendly.

US states going big on crypto

In the entire state of Florida, the city of Miami has stood out as the largest crypto hub. The city’s mayor, Francis Suarez, is a major Bitcoin advocate, and with his re-election, he stated that he would transform the city into a major crypto hub and even announced plans to receive his first paycheck in Bitcoin.

Earlier this year, Miami hosted the largest Bitcoin conference that attracted notable Bitcoin supporters and crypto-based firms. Suarez has severally stated that there were benefits that came from the cryptosystem. He has also advocated for blockchain technology by terming it the “most secure on the planet.”

Miami also recently launched the first state-based token known as MiamiCoin. The coin has recorded notable growth, with the mayor planning to distribute the gains to Miami Coin to the city residents through a Bitcoin Yield program.

New York is the other US state that is also going big on crypto. The newly elected mayor of the state, Eric Adams, is also receiving his first three paychecks in Bitcoin. Adams is also proposing the introduction of a crypto and blockchain course in school.

The adoption of cryptocurrencies and blockchain technology in the US comes as the country takes China’s position in being the largest crypto mining and trading hub.

The post Ron DeSantis to allow Florida businesses to pay state fees with crypto appeared first on Invezz.

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