Cryptocurrency Payments – Page 2

Bitcoin (BTC) And Bitcoin Cash (BCH) Cryptocurrency Payments Accepted By A Tax Office In A Florida County

The Seminole County tax collection office in the state of Florida announced that it will begin accepting Bitcoin (BTC) and Bitcoin Cash (BCH) as payment methods through the BitPay platform, making it the first US government tax office to allow citizens to pay in cryptocurrency.

In a statement released by the government agency, Joel M. Greenberg, the county’s tax collector, noted that blockchain technology could provide all county residents with more optimal and modern payment services, increasing transparency as well as the accuracy of settlements, and lowering the high costs of credit or debit card fees.

As a result, the office partnered with the international payment platform and cryptocurrency exchange, BitPay, to accept settlements in Bitcoin (BTC) and Bitcoin Cash (BCH) for the payment of driver’s licenses, identification cards, title, and property taxes.

Alan Byrd, the spokesman of Seminole’s office, confirmed that the cryptocurrency payment will be available next June. In this way, the government agency will receive payments directly from BitPay.

Florida implements Bitcoin (BTC) and Bitcoin Cash (BCH) cryptocurrency payments via BitPay for taxes

Furthermore, the authorities do not believe that there is any risk of price volatility since users only have to send the exact amount of money in Bitcoin (BTC) or Bitcoin Cash (BCH) to pay the bills, for example, a transaction that in turn only costs a fee of 1%, considerably less than the fees required by banks.

In this regard, Byrd also confirmed that the tax collection office is not interested in the cryptocurrencies market but in offering more varied and convenient payment services to the citizens.

“We are not speculating in the market but we are excited to see more payment options being offered to our customers,” he said.

While Seminole County, Florida, is the first US government agency to open up to Bitcoin (BTC) and Bitcoin Cash (BCH) cryptocurrency payment, other government offices have been evaluating the possibility of making digital assets an effective method of payment.

Anna Galvez

Ethereum (ETH) To Reach $15,000 By The End Of 2018 As Reddit Rehabilitates Cryptocurrency Payments

In an interview this week, Chris Slowe, the CTO of Reddit, stated that they will rehabilitate the Bitcoin (BTC) payments service that had been suspended at the end of March and will also add Litecoin (LTC) and Ethereum (ETH) payments. On the other hand, Reddit co-founder stated that Ethereum (ETH) will reach $15,000 by the end of the year.

Reddit to rehabilitate the cryptocurrency payments on the platform

In an interview with the Cheddar portal about the redesign of the Reddit platform, the company’s technology director said that users, who since 2013 can pay for the site’s premium membership with Bitcoin (BTC), will be able to do that again in the near future, but this time they will also be able to use Litecoin (LTC) and Ethereum (ETH).

In addition, the company’s CTO revealed that the changes made by Coinbase to develop its Coinbase Commerce, a payment tool similar to PayPal, had hampered the use of cryptocurrencies on the platform.

Coinbase is doing a great job, is doing a major revitalization of its cryptocurrency payment platform. We just didn’t have time to update our current API integration, and once the redesign of Coinbase Commerce lands, I think we’ll see the cryptocurrency payments again on Reddit.

Christopher Slowe, the CTO of Reddit

The Reddit co-founder on Ethereum (ETH): Will worth $15,000 by the end of the year

On the same day Slowe announced new plans for cryptocurrency payments on Reddit, Fortune published an interview with the Reddit co-founder, Alexis Ohanian, in which the businessman was very enthusiastic about ETH and predicted its future price.

At the end of the year, Bitcoin will be worth $20,000. And Ethereum will cost $15,000.

Alexis Ohanian

The ETH prediction is quite ambitious, as the crypto is trading around $761, at this moment, according to CoinMarketCap, so by December of this year, it would have to increase 20 times its actual value.

Ohanian justified his position by saying that he is “very optimistic about ETH simply because people are taking advantage of it”, and referred to the great popularity of CryptoKitties, which raised a total of $12 million in their first round of funding.

In short, Reddit will rehabilitate cryptocurrency payments but this time will integrate LTC and ETH, besides Bitcoin (BTC). Additionally, the former Reddit CEO, Alexis Ohanian, threw an ambitious forecast on the ETH price, predicting that the Ethereum (ETH) will be worth $15,000 by the end of the year.

Anna Galvez