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Florida Tax Collector Partners With BitPay to Accept Cryptocurrency Payments

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A Florida county tax collector will now accept payments in Btcoin and Bitcoin cash. This will make fee collection more efficient, reduce fraud and identity theft, and increase transparency and payment accuracy.

According to Coindesk, a Florida county tax collector has decided to collaborate with Bitcoin payments processor BitPay in order to accept payments in Bitcoin and Bitcoin Cash. Coindesk reports Seminole County Tax Collector Joel Greenberg as saying that his office would now accept these payments for services such as ID cards, driver licenses, property tax, automobile tags and titles.

He clarified that the reasons for going the crypto way were to help his office streamline collection of fees, minimize fraud and identity theft, and increase the transparency and accuracy of payments. The office equally says that it does not see “price volatility risk to the County” in accepting cryptocurrencies.

Customer Experience Will Be Faster, Smarter and More Efficient

In the words of Greenberg,

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.

This collaboration is a huge milestone for BitPay because it is the first time it has partnered with a government. According to the head of compliance, Jeremy Beaudry, the purpose of launching the company is because “we recognized the potential for blockchain to revolutionize the financial industry, making payments faster, more secure and less expensive on a global scale”.

He went on to say:

with the Seminole County Tax Collector’s office, we have engaged our first government agency to accept bitcoin and bitcoin cash by making it easy and seamless for them,

Other Local Governments Harboring Similar Dreams

Though Florida tax office is only just entering into an agreement with BitPay to accept cryptocurrency payments, it is not the only local government entity with such a dream. Lawmakers from Arizona and Georgia have equally proposed bills to enable their citizens to use Bitcoin and other cryptocurrencies to pay their state tax liabilities. Unfortunately, the bills did not make it through their respective legislatures.

More Hope for Crypto Enthusiasts

With this development from the Greenberg tax office, crypto enthusiasts are hopeful that things will play out in their favor. The recent intention of Goldman Sachs to start Bitcoin trading business as well as the SEC’s granting of a Cryptocurrency Exchange Traded Products patent license to the Winklevoss twins is a sign that things are starting to get better and that some countries are beginning to change their hard stances on crypto.

Image Credit: Deposit Photos

We want to hear your opinion on this. Do you think this development from Greenberg’s tax office is a good omen for crypto? Share your views in the comments section below.

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