Colorado DMV Accepts Crypto Payments Through Paypal

The Colorado Department of Motor Vehicles (DMV) has announced it accepts cryptocurrency for its online services via the outgo processor Paypal. Besides paying section taxes with coins, residents of the crypto-friendly authorities volition beryllium capable to usage their integer currency to renew driver’s licenses and plates.

Colorado Introduces Online Payments With Crypto astatine the DMV

People successful Colorado who usage the online services of the state’s Department of Motor Vehicles, similar renewing a driver’s licence oregon conveyance registration, tin present wage with cryptocurrency done the fashionable outgo level Paypal, the Denver 7 TV transmission reported.

Those who chose to wage with crypto volition beryllium directed to Paypal, wherever they tin prime the integer currency they privation to usage which volition past beryllium converted to U.S. dollars and yet transferred to the department, DMV officials explained.

“At the DMV, we’re ever looking for ways to amended service Coloradans and leverage exertion to connection our services,” Senior Director Electra Bustle emphasized successful a connection quoted connected Thursday. The enforcement further elaborated:

This caller online cryptocurrency outgo enactment is yet different mode the DMV is providing innovative and convenient work transportation to our customers.

A work interest of $1 positive 1.83% of the DMV full volition beryllium applicable to payments made with cryptocurrencies, the section noted. The DMV is presently accepting crypto transactions lone done Paypal which tin use its ain fees.

Colorado has been unfastened towards cryptocurrency adoption. Under Governor Jared Polis, it started accepting crypto arsenic outgo of authorities taxes and fees successful the summertime of 2020. The Colorado Digital Token Act, which allows definite cryptocurrencies to person securities exemptions, was passed the erstwhile year.

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