Slowly but surely, governments are embracing blockchain technology and the currencies that run on it. Earlier in May, West Virginia opted to use blockchain technology in its elections, and now, Seminole County in Florida is planning to become the first county in the United States to accept cryptocurrency payments for certain services.
Using BitPay stands to benefit both the government and the citizen paying. The BitPay platform offers rapid processing that traditional banks do not. It also eliminates the heavy fees associated with using third parties to process the payments, which is how the tax system currently works.
The project is the brainchild of Joel M. Greenberg, who holds the elected position of Seminole County Tax Collector. He released a statement regarding the move.
“We live in a world where technology has made access to services on demand, with same-day delivery and the 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 move comes just days after Colorado failed to pass a bill that would have allowed the state government to accept cryptocurrency payments.