Now it is possible to pay your taxes in cryptocurrencies in this state!

The cryptocurrency market is at its lowest level in recent days with a Bitcoin (BTC) below $20,000 and one Ethereum (ETH) below $1,300. There is a lot of good news emerging for the development of the ecosystem with the growing adoption of cryptocurrencies. Indeed, this Monday, September 19, the governor of colorado state announced that it would now be possible to pay your taxes in cryptocurrencies.

This is history in the crypto universe, the Colorado so it becomes the first state to accept the payment of taxes in cryptocurrencies. Let’s look at that in a little more detail in this blog post.

State of Colorado accepts tax payment in crypto

As stated above, this is monday september 19 that the governor of Colorado, Jared Polis, affirmed to accept the payment of taxes in cryptocurrencies on the sidelines of the Denver Startup Week. Last winter, jared cops he had previously mentioned that he wanted to develop the crypto industry in his state. In addition, last February he had already stated that he wanted to implement the acceptance of tax payments in cryptocurrency. He said so: “As a State, we are at the forefront of digital innovationbe it the application of blockchain and shared ledger technology as a new financing model.”

He also added: “consumer friendly and to ensure we enable the kind of innovation that will disrupt old business and government practices to make them more efficient. »

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The only downside to this excellent news is that it would be essential to go through the Payment: Paypal which is known for its expensive fees with 1 dollar per transaction, plus 1.83% additional fees. Moreover, only the Bitcoin, Ethereum, as well as Litecoin and Bitcoin Cash will be accepted first.

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