Tax Collector in Florida Becomes First Governmental Agency to Accept Bitcoin

More governments and agencies are starting to accept bitcoin and cryptocurrencies. This time, a tax collector from Florida announced that its office will start accepting Bitcoin (BTC), and Bitcoin Cash (BCH), using BitPay. The agency will begin working with these currencies during this summer.

Some governmental agencies are starting to accept virtual currencies. Paying taxes with debit or credit cards is related with higher fees and is not efficient. According to Joel Greenberg, Seminole County Tax Collector, will start using blockchain technology so as to reduce costs and improve its efficiency.

Mr. Greenberg, explained:

“We live in a world where technology has made access to services on demand, with same-day delivery and 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.”

The payment processor that they will be using is BitPay, one of the most important crypto platforms and the largest global blockchain payments provider. At the moment, BitPay serves customers from all over the world in order to accept crypto payments at any moment.

Citizens will be able to pay for services including driver licences, property tax, birth certificates, concealed weapon, tag renewals, and more.

The agency will be receiving the exact amount of cryptocurrency required for the bills, and it will be processed via BitPay. The office will be receiving the funds the following business day directly into the bank account in US dollars. That means that volatility risks are totally avoided and users are now able to pay in their favourite virtual currency.

Moreover, users will have improved security due to the fact that they will not have to provide their identity by using credit cards to pay for the taxes. With BitPay the process is simple, fast and could be used as an example for other counties in the country.

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Cryptocurrency Price Change 24h Market Cap Volume Circulating Supply Price Chart
1. Bitcoin BTC
$112.23B $3.51B 17.34M BTC
2. Ethereum ETH
$20.78B $1.14B 102.78M ETH
$18.19B $276.42M 40B XRP
4. Bitcoin Cash BCH
$7.67B $246.58M 17.42M BCH
$4.86B $318.53M 906.25M EOS
6. Stellar XLM
$4.46B $41.34M 18.89B XLM
7. Litecoin LTC
$3.07B $268.84M 58.87M LTC
8. Tether USDT
$2B $1.84B 2.03B USDT
9. Cardano ADA
$1.9B $14.68M 25.93B ADA
10. Monero XMR
$1.75B $12.2M 16.52M XMR
$1.53B $65.11M 65.75B TRX
$1.36B $5.73M 2.78B MIOTA
13. Dash DASH
$1.3B $190.59M 8.4M DASH
14. Binance Coin BNB
$1.27B $27.94M 130.8M BNB
$1.08B $130.22M 65M NEO
16. Ethereum Classic ETC
$1.02B $130.24M 105.53M ETC
$864.96M $5.84M 9B XEM
18. Tezos XTZ
$810.19M $1.98M 607.49M XTZ
19. Zcash ZEC
$639.04M $100.86M 5.09M ZEC
20. VeChain VET
$632.13M $14.89M 55.45B VET
21. Maker MKR
$490.95M $572,533 728,228 MKR
22. OmiseGO OMG
$472.62M $21.92M 140.25M OMG
23. Bitcoin Gold BTG
$467.24M $3.93M 17.31M BTG
24. 0x ZRX
$456.59M $16.3M 545.13M ZRX
25. Dogecoin DOGE
$447.19M $14.99M 116.7B DOGE
26. Decred DCR
$382.87M $8.55M 8.7M DCR
27. Ontology ONT
$363.1M $16.22M 207.02M ONT
28. Qtum QTUM
$359.29M $96.17M 88.99M QTUM
29. Lisk LSK
$326.22M $6.85M 111.52M LSK
30. Aeternity AE
$291.17M $7.11M 233.02M AE
31. Bitcoin Diamond BCD
$284.21M $7.22M 153.76M BCD
32. Siacoin SC
$279.67M $8.73M 37.57B SC
33. Zilliqa ZIL
$267.19M $5.69M 7.78B ZIL
34. Basic Attention Token BAT
$266.41M $18.57M 1000M BAT
35. Nano NANO
$264.32M $3.15M 133.25M NANO
36. BitShares BTS
$261.3M $4.68M 2.67B BTS
$256.47M $9.11M 387.43M ICX
38. DigiByte DGB
$245.13M $1.67M 10.97B DGB
39. Bytecoin BCN
$240.4M $646,418 184.07B BCN
40. Steem STEEM
$227.56M $736,193 280.98M STEEM
41. Verge XVG
$217.61M $4.34M 15.17B XVG
42. Pundi X NPXS
$205.79M $6.01M 125.68B NPXS
43. Bytom BTM
$203.25M $23.84M 1B BTM
44. Waves WAVES
$194.87M $7.38M 100M WAVES
45. TrueUSD TUSD
$176.65M $18.86M 174.87M TUSD
46. Stratis STRAT
$167.31M $15.94M 99.07M STRAT
47. Metaverse ETP ETP
$162.72M $5.27M 52.92M ETP
48. Komodo KMD
$159.86M $3.63M 110.41M KMD
49. Golem GNT
$158.68M $1.74M 959.24M GNT
50. Augur REP
$151.53M $4.34M 11M REP
51. Holo HOT
$147.97M $3.17M 133.21B HOT
53. Electroneum ETN
$131.11M $856,506 8.19B ETN
54. Populous PPT
$125.77M $1.79M 37M PPT
55. Status SNT
$123.56M $1.51M 3.47B SNT
56. Waltonchain WTC
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57. Cryptonex CNX
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58. Ardor ARDR
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59. Aurora AOA
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60. Ravencoin RVN
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61. Wanchain WAN
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95. FunFair FUN
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