Colorado is now accepting tax payments in cryptocurrency, as Gov. Polis promised
Cointelegraph
Published Sep 20, 2022 01:27PM ET
Updated Sep 20, 2022 03:20PM ET
The American state of Colorado now accepts cryptocurrency for tax payments, Gov. Jared Polis announced on Monday. The option is already available on the state Department of Revenue website.
Colorado tax payments are accepted through the PayPal (NASDAQ:PYPL) Cryptocurrency Hub with service fees of $1.00 plus 1.83% of the payment amount. Payments are accepted only from personal accounts in a single cryptocurrency. Businesses cannot pay their taxes via crypto yet. Payments will be effective on the day they are initiated, although it will take three to five days for the transfer to take place. Payments are immediately converted into fiat.
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Written By: Cointelegraph
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