On Wednesday, the board cleared the last hurdle by selecting a vendor to process crypto transactions, including Bitcoin. Now, Ohio residents will soon be able to pay state fees and services using Bitcoin and cryptocurrencies, following a unanimous vote by the Ohio State Board of Deposit. More U.S. states are exploring Bitcoin reserves, with 47 introducing proposals and about 26 still actively considering legislation.
coinfeeds-bot on
tldr; The Ohio State Board of Deposit has approved a vendor to process Bitcoin payments for state fees and services, making Ohio the first U.S. state to offer this option. This decision follows the Ohio Blockchain Basics Act and plans for an Ohio Strategic Crypto Reserve. The move is part of a broader effort to integrate digital assets into public policy, with over 45 states exploring similar initiatives. Ohio aims to attract investment and position itself as a leader in the digital economy.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
MichaelAischmann on
Congratulations to Ohio State.
Eventually all will use permissionless money because lets face it, permissioned money doesn’t align with our values of freedom & equality.
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On Wednesday, the board cleared the last hurdle by selecting a vendor to process crypto transactions, including Bitcoin. Now, Ohio residents will soon be able to pay state fees and services using Bitcoin and cryptocurrencies, following a unanimous vote by the Ohio State Board of Deposit. More U.S. states are exploring Bitcoin reserves, with 47 introducing proposals and about 26 still actively considering legislation.
tldr; The Ohio State Board of Deposit has approved a vendor to process Bitcoin payments for state fees and services, making Ohio the first U.S. state to offer this option. This decision follows the Ohio Blockchain Basics Act and plans for an Ohio Strategic Crypto Reserve. The move is part of a broader effort to integrate digital assets into public policy, with over 45 states exploring similar initiatives. Ohio aims to attract investment and position itself as a leader in the digital economy.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
Congratulations to Ohio State.
Eventually all will use permissionless money because lets face it, permissioned money doesn’t align with our values of freedom & equality.