Williston City in North Dakota, USA, is known to have introduced cryptocurrency payments for utility bill payments. Coinpost reported this on the 15th.
Hercules Cummings, who is in charge of the city’s finances, announced on the 13th that it is possible to pay utility bills by bitcoin (BTC) or other items in partnership with the large cryptocurrency payment processor BitPay. It did not specifically mention stocks other than Bitcoin, but it is known that it will respond to Ethereum (ETH), Ripple (XRP), Bitcoin Cash (BCH), and USDC (stablecoin) as well.
Regarding the merits of cryptocurrency payment, he explained that “Google Pay or PayPal charges a 3% fee, but BitPay charges 1%,” and said that security, etc., is also safer than regular online payments.
At this point, it was limited to utility bills, but Cummings said in the announcement that it is considering introducing cryptocurrency for payments such as licenses, permits, and garbage dumps in the future.
City of Williston is not the first municipality to adopt cryptocurrency payments in the United States. The city of Miami, Florida, has introduced bitcoin as a means of paying utility bills and salaries for city employees since February this year.
The City of Miami is not just paying money, but is also pushing for Mayor Francis Suarez, who aims to become an advanced cryptocurrency city, to convert some of the city’s financial funds into bitcoin.
In addition, the city of Jackson, Tennessee is also planning to introduce bitcoin into the city’s finances, and mining (mining) as a city is proposed.
(Hanaru Uiriston City, Minois Dakota State, Hagong共料金支払いに仮想通貨決済を導入したことがわかった.)
※ Coincode, a simple personal blog, is a paraphrase & reference from overseas news. Coin codes are not based on facts, and there may be misinterpretations. Therefore, the coin code cannot be used as a basis for investment judgment. Note please. For quick news, please use Twitter or Medium for each coin.
[Coincode (coincode.kr), if you share, please leave the source. ]
The post United States Williston, urban settlement introduce cryptocurrency to pay utility bills appeared first on the coin code .
Disclaimer: The content of the “Coin Code Spot” section is one source that is provided after translation into Korean or English, and is composed based on a reliable source, but it does not mean that the information has been confirmed, and can only be used as a reference. Comments cannot be provided. Faster and faster breaking news of various foreign media is available at’coincode.kr’ .
FINTECHPOST
Author/ Translator: Jamie Kim
Bio: Jamie Kim is a technology journalist. Raised in Hong Kong and always vocal at heart. She aims to share her expertise with the readers at blockreview.net. Kim is a Bitcoin maximalist who believes with unwavering conviction that Bitcoin is the only cryptocurrency – in fact, currency – worth caring about.