Ohio is set to become the first US state to accept Bitcoin for tax bills.
Starting this week, local businesses can visit OhioCrypto.com and register to pay some taxes with the cryptocurrency. The initiative will eventually expand to individuals.
The state of Ohio has decided to accept Bitcoin as a payment option for taxes.
The virus is spreading 🚀
— Pomp 🌪 (@APompliano) November 25, 2018
The state will be using BitPay to process the payments. Its Treasurer, Josh Mandel, says that the move is both convenient for tax filers and helps “plant a flag” for Ohio’s cryptocurrency adoption. “I do see Bitcoin as a legitimate form of money,” he comments.