Seminole County, Florida To Accept Crypto For Tax Payment

Authored by Ana Alexandre via CoinTelegraph.com,

The Seminole County, Florida, tax collector Joel M. Greenberg announced May 14 that the county will begin accepting cryptocurrency for payment for various services this summer in order to eliminate heavy fees and improve payment accuracy and efficiency.

image courtesy of CoinTelegraph

According to a press release, the county will begin accepting Bitcoin (BTC) and Bitcoin Cash (BCH) to pay for services, including property taxes, driver license and ID card fees, as well as tags and titles. The Seminole County Tax Collector will reportedly employ blockchain payments company BitPay, which will allow the county to receive settlement the next business day directly to its bank account in US dollars. Greenberg commented on the initiative:

“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.

With this move, the county reportedly aims to remove risks connected to credit card usage, such as fraud and identity theft. According to BitPay, Seminole county is the first government agency to use the company’s services.

Earlier this month in the state of Arizona, a bill that would have allowed state residents to pay taxes using crypto was amended, removing the provisions which obligated the state to accept crypto. Instead, the bill merely obliges the Department of Revenue to “study” whether a taxpayer may “pay the taxpayer's income tax liability by using a payment gateway, such as BitcoinLitecoinor any other cryptocurrency.”

Also this month, the city of Berkeley, California moved forward with an initiative to apply blockchain technology to public financing for community projects. The pilot project also aims to decrease the minimum price of a municipal bond from $5,000 to $10-25, which would allow more people to invest in municipal projects they support. Vice Mayor Ben Barlett added that, should the political process allow it, the city could consider issuing a type of token which would function much like a municipal bond in providing city funding.

Comments

sessinpo Dickweed Wang Tue, 05/15/2018 - 12:55 Permalink

And what they can't control is the crypto to crypto exchange for goods and services. And that is coming. Not right away as mass adoption is still in process. Several things here.

1 Government is allowing it to happen. In most instances, they are choosing the path of regulation, not banning (mostly because banning fails)

2 Slow adoption by government and also by banks, and gradual institutional acceptance.

3 The idea here is to slow it down while they figure out the best means to take advantage of it.

4 Educate yourself and be careful. While the technology is real, its real use case is being exploited by scammers.

5 Yes, lots of scams, but consider we already are in the biggest scam of all, fiat.

In reply to by Dickweed Wang

rejected GunnerySgtHartman Tue, 05/15/2018 - 08:54 Permalink

Article I Section 10

No state shall enter into any treaty, alliance, or confederation; grant letters of marque and reprisal; coin money; emit bills of credit; make anything but gold and silver coin a tender in payment of debts; pass any bill of attainder, ex post facto law, or law impairing the obligation of contracts, or grant any title of nobility.

Constitutional Republic...

right.........

In reply to by GunnerySgtHartman

Hurricane Baby GunnerySgtHartman Tue, 05/15/2018 - 09:04 Permalink

If Florida did, it would be handled like lotteries, eminent domain, gun buybacks, and the like: as a scam, depriving people of their rights and their property, in no particular order.

 

When it comes to operation of a monetary system based on specie, there is no substitute for honest men.  Honest men will never be employed to operate in a gold-and-silver system under the current regime.

In reply to by GunnerySgtHartman

GunnerySgtHartman Supafly Tue, 05/15/2018 - 10:10 Permalink

They'll just continue to get bags of pennies.

HA!  I used to do that. The city I work in implemented a "user fee," a euphemism for a tax on anyone who works in the city.  The city finance director, a prick who was later busted for drunk driving and forced to resign, told me to wait for an hour while they counted the pennies.  Several other people also protested the tax by paying in pennies.  A few days after people started paying the tax, a sign appeared by the finance office window: "Coins not accepted for payment of user fee."  We got our point across!

In reply to by Supafly

DownWithYogaPants tmosley Tue, 05/15/2018 - 08:33 Permalink

Definitely a gold moron.

Just can't accept that gold will never be used as money again unless circumstances get really extreme.  Even then I doubt it would last very long.  

Same problem faces both greenbacks and gold.  If our private central banking lourds and masters say we may not then we can not for they will send a SWAT team to our houses for being "terrorists" if we do.

In reply to by tmosley

tmosley VWAndy Tue, 05/15/2018 - 09:12 Permalink

I don't get butt hurt. I don't have time to keep track of which idiot said what stupid thing.

But the fact that you do implies that you are.

The reason you would be jumping for joy if they took gold as payment for taxes is not so that you can pay taxes, but because that would create a source of demand that would cause your gold to gain in purchasing power. Were you being obtuse on purpose, or has your brain shut down your ability to parse my statements because it knows that I am extremely persuasive and you don't want to change your deeply held beliefs?

In reply to by VWAndy