Coloradans can now pay state tax payments with cryptocurrency – Axios

Gov. Jared Polis made good on a promise earlier this year by asserting Monday that Colorado residents can now pay state taxes with cryptocurrencies.

Driving the information: The Democrat selected the primary day of Denver Startup Week to formally announce that residents have the option to pay on-line.

• Particular person revenue tax, enterprise revenue tax, gross sales and use tax, withholding tax, severance tax and excise gasoline tax are eligible, based on his workplace.
• The transfer is a part of Polis’ broader push to encourage using blockchain expertise within the state.

Sure, however: The announcement’s timing was awkward. The most well-liked cryptocurrency on the earth, Bitcoin, hit a three-year low this previous weekend, per Axios Crypto.

• The $18,349 worth for Bitcoin over the weekend was effectively under its 2017 excessive of $19,783.
• Different cryptocurrencies, together with Ethereum, BNB, XRP and Cardano, all posted losses this weekend.

Of observe: Polis additionally accepts cryptocurrency marketing campaign contributions and is fundraising for his reelection marketing campaign by promoting non-fungible tokens (NFTs) for $52.80 every.

• As of Monday, 175 have been bought since June.