Colorado accepting Crypto for tax payments

What is happening? Colorado started accepting crypto to pay personal and business tax obligations.

Why is this important? The practical payment issues at play: Colorado requires that the entire invoice be paid in crypto, no splitting payments. A service fee will attach to the payment of $1 plus 1.83% of the payment amount. Finally, payment must be made by PayPal’s Cryptocurrencies Hub

How will this be important? It creates a safe way for cannabis industry to make payments in stead of the all cash payments that are usually made.

Route Fifty | Colorado Now Accepts Crypto for State Tax Payments