Seminole Tax Collector Joel Greenberg Accepts Bitcoin as Tax Payment

Seminole Tax Collector Joel Greenberg Accepts Bitcoin as Tax Payment

Bitcoin Cryptocurrency News
May 15, 2018 by Sandra Onyeiwu
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According to news published on Monday, Seminole County residents will be able to use Bitcoin and Bitcoin cash to pay their taxes and driver’s license fees to their county tax collector’s office. Florida tax collector Joel Greenberg said that the county will start using the payment processor BitPay to process cryptocurrency payments. The project, which
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According to news published on Monday, Seminole County residents will be able to use Bitcoin and Bitcoin cash to pay their taxes and driver’s license fees to their county tax collector’s office.

Florida tax collector Joel Greenberg said that the county will start using the payment processor BitPay to process cryptocurrency payments. The project, which would take effect in June, will let county residents pay their property taxes, driver license and ID card fees, tags and titles.

Greenberg commented on the initiative stating:

“The aim of my tenure in office is to make our customer experience faster, smarter and more efficient, and to bring government services from the 18th century into the 21st century and one way is the addition of cryptocurrency to our payment options.”

Greenberg said accepting bitcoin and bitcoin cash as a payment method will promote transparency and accuracy in payment.

“There’s no risk to the taxpayer,” said Greenberg, who has often raised eyebrows since his 2016 election by moves including encouraging certain employees with concealed-weapons permits to carry a firearm openly as a security measure. “Blockchain technology is the future of the whole financial industry.”

It now costs around $1.30 per transaction with bitcoin. For citizens of Seminole County who opt to pay with bitcoin with cryptocurrencies, that fee will have to be accounted for, in addition to a 1% transaction fee paid to BitPay. The county said it expects BitPay to help it settled payments quicker and cheaper than is possible with traditional credit card processors.

 

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