Florida Should Allow Residents to Pay State Fees in Crypto, Says Governor

The member of the Republican celebration and Florida Governor – Ron DeSantis – proposed that the federal government ought to enable companies to pay state charges with digital belongings like bitcoin. He added that the authorities plan to launch pilot applications to discover using blockchain expertise to observe motorcar data in addition to validate Medicaid settlements.

Towards a Crypto-Friendly State

Ron DeSantis included his concept as a part of the 2022-2023 finances proposal throughout an look in Tallahassee. In his view, entities working within the territory of Florida ought to be capable to pay state charges by way of digital belongings on to the Department of State.

He additionally really helpful that $250,000 from the full finances be distributed to assist a Blockchain Title Pilot Program throughout the Department of Highway Safety and Motor Vehicles. DeSantis opined that the underlying expertise of cryptocurrencies may very well be of assist when monitoring vehicle data. Moreover, he proposes blockchain expertise to be applied in Florida’s Agency for Health Care Administration because it may authenticate Medicaid transactions and detect potential fraud.

The complete distribution from the finances to the cryptocurrency trade totals $700,000. In conclusion, DeSantis stated:

“This is something that we welcome, and we want to make sure that the state government is crypto-friendly.”

Miami Is The Right Spot for Crypto

Florida’s pearl – town of Miami – has begun to remodel itself right into a cryptocurrency hub below the rule of pro-bitcoin mayor Francis Suarez. This summer time, the metropolis even hosted the biggest-ever occasion centered across the main digital asset.

Speaking of mayor Suarez, he’s a BTC holder and a eager proponent of the cryptocurrency trade. Not way back, he knowledgeable he’ll obtain his subsequent wage in bitcoin. According to the mayor, the asset’s most important benefit is that it’s not tied to the fiat system or the financial coverage. At the identical time, its underlying blockchain expertise is “the most secure, most decentralized blockchain on the planet,” he opined.

Subsequently, final month, Miami’s Mayor stated his administration is engaged on enabling town residents to pay their taxes in BTC due to the great outcomes achieved by his metropolis’s crypto mission Miami Coin:

“We want to do it with bitcoin because it’s what we know and what we trust. We think it’s the most verifiable and most trustworthy network out there.”