Colorado will begin accepting cryptocurrency for taxes and other municipal payments by the end of the summer. This was announced by state Governor Jared Polis.
“For convenience, we want to accept payments in a variety of cryptocurrencies, just like we do with credit cards,” Polis said.
He added that Colorado is currently on the lookout for companies to handle cryptocurrency transactions.
“We don’t want to take on the speculative risk of owning cryptocurrency, so we will work at the transaction level,” the governor added.
As a Colorado congressman in 2014, Polis was one of the first U.S. politicians to accept campaign donations in bitcoin.
Earlier, Ohio and Seminole County, Florida began accepting tax payments in cryptocurrency. However, the experiments were unsuccessful and were eventually canceled.