In what is being hailed as a first in America, Ohio’s State Treasurer Josh Mandel has made it possible for businesses to pay taxes using Bitcoin.
Businesses will be able to pay 23 different taxes using BTC through an online portal that has been set up by the state treasury office. As it stands, individuals will not be able to use the service to pay private taxes.
The Ohio Treasurer has made it clear that it will not actually hold any Bitcoin. The cryptocurrency will be immediately converted to U.S. Dollars after payments have been made to BitPay. Businesses of any size will be able to make use of the payment service.