Who Will Be The Next State To Accept Crypto For Tax Payments?

Ohio is the first, who will be next?

“Other states┬álike Georgia, Illinois, and Arizona are looking into accepting cryptocurrencies, though, none have yet committed to accepting them. This may change now that Ohio has set a precedent. Additionally, since implementing blockchain is often about efficiency, it may demonstrate a way to generate more revenue without additional resources. This last scenario would undoubtedly encourage more states, and possibly even the federal government, to follow suit.

Tax payments via Bitcoin will likely entice state governments to look at other cryptocurrencies. Bitcoin is usually the first cryptocurrency chosen because it is considered the most secure. However, there are many other cryptocurrencies with a lot to offer. Ethereum can do for secure business apps what Google Play and the App Store did for mobile computing”.



Master Asked on November 28, 2018 in Cryptocurrency.
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