Ohio Agencies Will Soon Process Fees in Bitcoin and Other Cryptos
The post Ohio Agencies Will Soon Process Fees in Bitcoin and Other Cryptos appeared on BitcoinEthereumNews.com. TLDR: Ohio approves vendor to process cryptocurrency for state fees, starting with Secretary of State office. Secretary LaRose highlights growing demand for crypto payment options among residents and businesses. State Board of Deposit unanimously authorized cryptocurrency payments earlier this year, pending vendor selection. Ohio is among the first U.S. states moving to integrate crypto into state-level financial transactions. Ohio is moving closer to accepting cryptocurrency for state services, a step that could change how residents pay fees and interact with government offices. The state’s Secretary of State, Frank LaRose, praised the progress, calling it a step toward embracing new financial technologies. The Board of Deposit has now approved a vendor to facilitate crypto payments, including Bitcoin and other popular tokens. This development follows months of planning and legislative approvals. It positions Ohio as one of the first states in the U.S. to integrate cryptocurrency into routine state transactions. The move comes after growing demand from Ohio residents and businesses for crypto payment options. Secretary LaRose said his office processes nearly half a million transactions annually and expects cryptocurrency to provide faster, more flexible options for users. The plan also aligns with efforts to modernize state payment systems and provide more digital alternatives for citizens. LaRose emphasized the collaborative effort of other state officials, including Treasurer Robert Sprague, Auditor Keith Faber, and Attorney General Dave Yost, in moving the initiative forward. Ohio Agencies Gear Up to Accept Crypto Payments The State Board of Deposit voted unanimously in May to authorize cryptocurrency as an approved payment method, pending vendor selection. Today’s approval finalizes that process and allows state agencies to begin offering crypto payment options. Officials say the Secretary of State’s office will be the first to implement the system. Other agencies will follow as integration progresses and technical setups are completed.…
The post Ohio Agencies Will Soon Process Fees in Bitcoin and Other Cryptos appeared on BitcoinEthereumNews.com.
TLDR: Ohio approves vendor to process cryptocurrency for state fees, starting with Secretary of State office. Secretary LaRose highlights growing demand for crypto payment options among residents and businesses. State Board of Deposit unanimously authorized cryptocurrency payments earlier this year, pending vendor selection. Ohio is among the first U.S. states moving to integrate crypto into state-level financial transactions. Ohio is moving closer to accepting cryptocurrency for state services, a step that could change how residents pay fees and interact with government offices. The state’s Secretary of State, Frank LaRose, praised the progress, calling it a step toward embracing new financial technologies. The Board of Deposit has now approved a vendor to facilitate crypto payments, including Bitcoin and other popular tokens. This development follows months of planning and legislative approvals. It positions Ohio as one of the first states in the U.S. to integrate cryptocurrency into routine state transactions. The move comes after growing demand from Ohio residents and businesses for crypto payment options. Secretary LaRose said his office processes nearly half a million transactions annually and expects cryptocurrency to provide faster, more flexible options for users. The plan also aligns with efforts to modernize state payment systems and provide more digital alternatives for citizens. LaRose emphasized the collaborative effort of other state officials, including Treasurer Robert Sprague, Auditor Keith Faber, and Attorney General Dave Yost, in moving the initiative forward. Ohio Agencies Gear Up to Accept Crypto Payments The State Board of Deposit voted unanimously in May to authorize cryptocurrency as an approved payment method, pending vendor selection. Today’s approval finalizes that process and allows state agencies to begin offering crypto payment options. Officials say the Secretary of State’s office will be the first to implement the system. Other agencies will follow as integration progresses and technical setups are completed.…
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