(BTC) Bitcoin News TodayCrypto AdoptionCryptocurrencyNews

Louisiana Government Says Residents Can Now Pay for State Services Using Crypto

The government of Louisiana announced on Thursday that it had officially started accepting crypto payments, joining several other US states that are now embracing digital currencies as a payment method for state services.

Louisiana to Support Payments in USDC and BTC

In his statement, Louisiana Treasurer John Fleming mentioned USDC and Bitcoin as the two digital assets the government will accept for now. He also revealed that the first crypto payment had already been made to the Department of Wildlife and Fisheries as a fine.

Fleming says the Louisiana government has partnered with local payment processing companies to integrate crypto into its system in an effort to curb fraudulent transactions and broaden its payment options. He adds that they plan to convert received crypto payments into US dollars to protect the state from price volatility, which is common in the digital asset space.

📰 Also read:  What is an Appchain? - Everything You Need to Know

Louisiana Policymaker Urges US States to Adopt Crypto

Several Louisiana policymakers have advocated for cryptocurrencies in recent years, among them being House Representative Mark Wright. Following Thursday’s announcement, Wright took to X to express his excitement over the new development while urging other US states to embrace cryptocurrency payments.

The Republican lawmaker, whose party leader Donald Trump also supports crypto, created a digital asset working group in 2022, which concluded that Bitcoin would be a feasible payment option in Louisiana. At the time, he praised Bitcoin creator Satoshi Nakamoto for their invention.

Other American States Accepting Cryptocurrency Payments

Louisiana isn’t the only US state embracing crypto, as several others have already integrated digital assets into their payment systems. For instance, Ohio began accepting crypto for tax payments in 2018, allowing businesses to pay different taxes with Bitcoin. However, Ohio’s Attorney General ordered the state to discontinue the crypto payment program the following year, arguing that it wasn’t approved by the Board of Deposit.

📰 Also read:  Federal Reserve Chair Pumps the Brakes on Another Jumbo-Sized Rate Cut in 2024

In 2022, Florida Governor Ron DeSantis announced that state departments would start accepting tax payments in crypto, a move that he said would encourage blockchain innovations and promote Frorida as a digital asset-friendly state. That year, Colorado partnered with BitPay to accept tax payments in crypto.


Tokenhell produces content exposure for over 5,000 crypto companies and you can be one of them too! Contact at info@tokenhell.com if you have any questions. Cryptocurrencies are highly volatile, conduct your own research before making any investment decisions. Some of the posts on this website are guest posts or paid posts that are not written by Tokenhell authors (namely Crypto Cable , Sponsored Articles and Press Release content) and the views expressed in these types of posts do not reflect the views of this website. Tokenhell is not responsible for the content, accuracy, quality, advertising, products or any other content or banners (ad space) posted on the site. Read full terms and conditions / disclaimer.

📰 Also read:  Bitcoin Pumps Above $63K, Prompts Liquidations Worth Over $74 Million

Andrew Richard

Andrew is a news writer for Tokenhell, he enjoys tuning in to the daily crypto markets and writing about the latest updates and happenings.

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button
Close
Skip to content