Colorado Allowing Payment of Taxes With Cryptocurrency

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The state of Colorado is partnering with PayPal to enable people to pay their taxes using cryptocurrency. This i s a big step forward in legitimizing it.

In this video I discuss how even though the state gets paid in USD, it does allow people to use PayPal to pay with crypto. This is another step forward in the battle against those who oppose crypto.

Here is the link to the article mentioned:

https://blockworks.co/colorado-residents-can-now-pay-state-taxes-with-crypto-for-a-fee/


▶️ 3Speak



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22 comments
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Slowly other nations will join in this causing shock in supply, the future of money is gradually paving way

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The bottom line is governments want taxes. If setting up payments in crypto helps them get more money, they will sign up for it.

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Wow. This is a step to mainstream. Before you know it there are general salary payment in crypto

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Definitely a step forward.

$1 + 1.83% fee seems like a pretty good deal considering you can use crypto on the upswing.

I'm sure they just turn around and cash out immediately as to not be exposed to volatility. It's basically like accepting the next generation of credit cards.

So, somebody is a visionary there.

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I !Love this:

Colorado’s plan to accept cryptocurrency for state tax payments and other government fees is proof of crypto’s wide acceptance as both an investment and payment method.

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I think it's a good option because the state would be paid in fiat regardless and you said it would also be cheaper than paying with a credit card. So I think this will help more states move towards this change if it works out well.

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the truth is that it is a step forward to cancel taxes with Cryptocurrencies would make everything much easier for everyone

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