Residents of Colorado will be able to pay taxes with bitcoins

The Colorado Department of Revenue has allowed residents of the state to pay taxes in cryptocurrencies using PayPal. CoinDesk writes about this.

It is noted that transactions can be carried out through PayPal, which supports Bitcoin, Ethereum, Bitcoin Cash and Litecoin, while today only personal accounts can be used.

The commission for such an operation is $1. In addition, 1.83% of the total payment amount is charged.

Several other US states, including Florida and Ohio, have previously tested accepting cryptocurrencies for paying taxes. At the same time, the state of Ohio approved tax payments in bitcoin, but later stopped accepting payments in cryptocurrency due to the low demand for the service.