“Louisiana (USA) State Treasurer John Fleming has integrated Bitcoin and the Lightning Network, as well as the USDC stablecoin, into government operations. Residents will be able to pay for services from any wallet. A special service will convert incoming digital assets into US dollars with further crediting to government accounts. This will make it possible to avoid exposure to the volatility of cryptoassets. “We provide flexibility and freedom when interacting with agencies,” Fleming commented. The integration was carried out by Bead Pay and […]”, — write: businessua.com.ua
Louisiana (USA) State Treasurer John Fleming has integrated Bitcoin and the Lightning Network, as well as the USDC stablecoin, into government operations.
Residents will be able to pay services from any wallets. A special service will convert incoming digital assets into US dollars with further crediting to government accounts. This will make it possible to avoid exposure to the volatility of cryptoassets.
“We provide flexibility and freedom when interacting with agencies,” Fleming commented.
The integration was done by Bead Pay and a number of other unnamed partners.
At the state level, in 2022, the Colorado government implemented the ability to make tax payments in the first cryptocurrency, as well as in Ethereum, Bitcoin Cash and Litecoin. Governor Jared Polis was the initiator of the decision.
Ohio took a similar step back in 2018, but 11 months later the state government shut down a web service for paying taxes in bitcoin due to low demand.
It will be recalled that in June, a member of the House of Representatives of the US Congress, Matt Goetz, presented a draft law that would make it possible to pay federal income tax with the help of the first cryptocurrency.
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