Ohio Now Accept Payment Of Taxes with Bitcoin
Ohio will be going down history as the first state in the US to officially accept Payment Of Taxes with Bitcoin. From this week, businesses who plan to make settlements for their taxes with bitcoin can visit OhioCrypto.com and register to pay all their corporate taxes in BTC. The state government has partnered with crypto payment processor BitPay to handle the payment in crypto and conversion to dollars for the tax office.
Josh Mandel, the current state treasurer brought this idea. He sees accepting cryptocurrency as a great way to rebrand the Buckeye State by enabling forward-thinking tech ideas.
Mandel, who has been interested in bitcoin since he was appointed in 2011, said he sees Bitcoin “as a legitimate form of currency.”
While Ohio’s move won’t do much to affect the free fall of cryptocurrencies at the moment, it’s still a form of government approval for cryptocurrency.