While Ohio was the first state in the United States to make tax payments with a reality, it still isn’t being utilized as much as legislators and proponents anticipated. As of February 19th, 2019, have paid their taxes in . According to a recent statement made at a forum organized by the Ohio State Associated Press, the Ohio state treasurer noted they had only collected two receipts for tax payments using — however, he did not specify the exact amount paid.
Furthermore, state treasurer Robert Sprague took the time to highlight that the or manage the and themselves, as the payments are made though a crypto platform, which then converts the and to fiat (only USD).
Sprague continued, “We will never accept Won or Renminbi or Francs or , or any other currency. You have to relieve your debts to the state of Ohio with U.S. dollars. That’s what we’re currently accepting. This platform just allows for that exchange, basically before that debt is settled to the state of Ohio.”
Final Thoughts
Finally, in light the lack of businesses taking advantage of Ohio’s tax program and payments, Sprague stated that the treasury is in the midst of reviewing how the program might ultimately be expanded, or retrenched. This slow start is anything but a deterrent for the Buckeye State, which has announced an in companies and startups through 2021, so expect big to come this 2019!
If you enjoyed this article, check out on Ohio and the County Auditors’ Association of Ohio’s push to explore technology for transactions. Finally, make sure to for the latest , updates, and articles. And, don’t forget to and !
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-Obiter Cryptum
Published at Sat, 23 Feb 2019 17:11:31 +0000