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Learn: Aaron Rodgers, NYC Mayor Eric Adams and More Big Names Earning Crypto SalariesĮxplore: Bitcoin Payroll: The Future of Hiring? Crypto Benefits Plan Could Attract Workers and Improve Employee RetentionĪlthough Colorado is the first state to accept crypto for government payments, Wyoming and Arizona are also spearheading efforts to bring crypto into the mainstream. Other users pointed to the volatility of the crypto market as a stumbling block, pondering whether the extreme volatility will impact state revenue and taxpayer liability. Twitter users had mixed feelings about the announcement, with some decrying the move because the use of energy-hungry crypto could accelerate climate change while others called crypto “a pyramid investment scheme.” “Governor Polis is proud to lead efforts to create a strong and dynamic crypto ecosystem that puts Colorado at the forefront of digital innovation,” Cahill wrote. The governor’s press secretary, Conor Cahill, called the program the state’s “next logical step on the path to digital statehood,” in a statement to The Guardian.
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In an interview with CNBC, Polis said he expects the program to start by this summer and that the program could pave the way for the state to accept crypto for other state charges, including driver’s license and hunting license fees. See: Spot Bitcoin ETFs on the Horizon? Grayscale Asks Investors to Speak Out in Support Ahead of SEC Rulingįind: Bitcoin Rises as US Imposes Additional Sanctions Against Russia It is kind of like credit card payments, with the bonus that there are no returned payments!” He wrote, “We are getting a payment provider to accept crypto equivalent and deposit the dollars into the state’s treasury for that amount.
You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.Colorado proved to be on the cutting edge of cryptocurrency when governor Jared Polis tweeted that his state would be the first to accept cryptocurrency for payment of state tax and fees. *** 67% of retail investor accounts lose money when trading CFDs with this provider.
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