Florida has become the first state in the US to accept tax payments in bitcoin. The tax collector office from Seminole County has announced that the payments will be made in collaboration with BitPay.
The head of the office Joel M. Greenberg announced that his office will begin accepting bitcoin and bitcoin cash as means of payments starting this summer. According to the release, Greenberg hinted that the tax office struggled for years to receive payments while using intermediaries. Furthermore, the people who paid also encountered difficulties and had to pay substantial fees.
He went on and explained that with the use of the blockchain technology the Seminole County will be able to cross out any fees and it will make the transactions more accurate and transparent
Since his election in November 2016, Greenberg started exploring the blockchain technology as an alternative for the traditional payment system. Furthermore, he showed a lot of interest also in artificial intelligence (AI).
“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,” declared Greenberg.
With this move, the head of the office also wants to fight fraud and identity theft. He also implied that the current system is outdated and we need to behave like we are in the 21st century.
“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,” he added.
To make the implementation possible the tax collector office will work with BitPay. At the moment BitPay is one of the largest bitcoin providers in the world. According to the release the office will not have to worry about bitcoin’s volatility since the users will send the exact amount of bitcoin or bitcoin cash required to pay the bill. Following that, the collector receives a settlement in the next business day into its bank account in US dollars.
While the BitPay platform was created initially for peer-to-peer transactions, business-to-business and cross-border bitcoin payments, now BitPay has made a massive step towards governmental payments.
“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,” was quoted a BitPay representative in the release.