Thomson Reuters
- Ohio is becoming the first US state to accept the Bitcoin cryptocurrency for business tax payments.
- Ohio politicians have been open about their desire to be on the forefront of blockchain technology adoption.
- It's good news for Bitcoin and cryptocurrency among a stream of recent negative news.
The state of Ohio will accept Bitcoin for Ohio business tax payments beginning this week — a first for the US, according to a report from The Wall Street Journal.
Bitcoin has struggled to become a widespread form of payment, but Ohio Treasurer Josh Mandel says that Bitcoin for business tax payments has several benefits on the OhioCrypto.com website, like being "quick and easy," trackable, secure, transparent, incurs low fees, and allows taxes to be paid via mobile devices.
See the rest of the story at Business Insider
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