Crypto Update: Ohio Businesses Are Now Able to Make Tax Payments Using BTC!

The first state in the U.S. to accept tax payments in the global market’s top cryptocurrency, Bitcoin, will be Ohio. The Wall Street Journal shared that starting this week, businesses that will be making settlements with their taxes, can now pay with Bitcoin. Digital asset payment processing company, BitPay, has teamed up with Ohio’s state government to facilitate the payment conversions for the tax office. Josh Mandel who is Ohio’s state Treasurer, created this idea and he is a firm believer that this will be a concrete and successful way to rebrand the state and promote tech-forward ideas. A lot of states are nervous in accepting crypto payments because of the market’s volatility. Ohio’s decision has not really affected current prices in the cryptocurrency market, however it is still a great feat for Bitcoin as it is the first partnership with the U.S. government. This proves a point that Bitcoin can be used by anyone, whether or not people are using it for bad things or if it is being used by the U.S. government.

Leave a Reply

Your email address will not be published. Required fields are marked *


Harvard Purchased a Cryptocurrency!

Harvard University has recently bought into a

18 Apr, 2019

The SEC Publishes its Highly Anticipated Crypto Token Guide

Token issuers now have guidance from the

06 Apr, 2019

Subscribe To Our Newsletter

Keep in touch with the latest news and the most efficient ways to trade your digital cash today.