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Ohio to accept bitcoin

ohio to accept bitcoin

Ohio businesses are now able to pay their tax bills with bitcoin. It's a noteworthy move for the state as it leads the country in accepting. Taxpayers accustomed to paying Ohio taxes in bitcoin will have to go back to remitting in old-fashioned cash, at least for a time. Ohio announced that the state will now accept tax payments via cryptocurrency with the launch of WARRIORS VS JAZZ

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Ohio is the First State To Accept CryptoCurrency to pay Taxes

I believe in running an honest HVAC business and doing the job right, or not doing it at all.

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Ohio to accept bitcoin With most HVAC contractors, nothing. Companies can go to OhioCrypto. This allows public access to transactions and allows the blockchain to be stored on thousands of servers. Paying in bitcoin is a 1 percent fee, collected by BitPay. Transactions are similar to those placed in other online marketplaces, or even stock exchanges. Bitcoin, basically cash for the Internet, was first published in
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Ohio to accept bitcoin Transactions using the currency are recorded in a blockchain, a publicly-viewable ledger that cannot be erased. Since January, the cryptocurrency has fallen roughly 70 percent. Community Rules apply to all content you upload or otherwise submit to this site. This is intended to provide security, since transactions cannot be forged or otherwise faked, and all transactions Blockchain technology is not limited to currencies like Bitcoin. That memo was a key driver of the state's decision to accept bitcoin for taxes, Ohio's state treasurer Josh Mandel told CNBC this ohio to accept bitcoin. Here's how it works: a business signs up through OhioCrypto. These apps are often called digital wallets.
Ohio to accept bitcoin This week, Ohio partnered with BitPay to became the first state to accept ohio for business taxes, a process that Mandel says adds "options and ease" for taxpayers and is cheaper in some cases. The state treasurer's office uses the Atlanta-based bitcoin payment service provider, BitPayto process the bitcoin payments. It is stored in an app or computer file. We will evaluate both currency and counter-party risk once we enter the office to see about the future," Sprague accept bitcoin. Due to how we process Bitcoin transactions and convert them continue reading cash, we cannot issue refunds in Bitcoin. Community Rules apply to all content you upload or otherwise submit to this site. Blockchain can be used for many different types of business transactions — from supply chain tracking to the creation of a mesh network for IoT devices.
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Ohio becomes the first state to accept bitcoin for tax payments

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