News Bitcoin - US Municipalities Hesistant on Bitcoin
Citizen service provider E-Gov Link, which announced bitcoin integration in March 2013 (mere weeks after FinCEN released its first guidance), has yet to onboard a single bitcoin-accepting municipality. Not one.
The company, which is the only major provider of municipal software integrating bitcoin payments, has fielded only “a handful of calls from municipalities that specifically expressed interest,” according to CEO and founder Jerry Felix. E-Gov Link allows individuals to pay utility bills, parking fines, registrations for class, and a litany of city services online.
When the Cincinnati company started accepting the digital currency, bitcoin had a market value of approximately $95 per bitcoin and a market capitalization of more than one billion. The price of Bitcoin currently is $920, and the market capitalization approximately $16 billion.
E-Gov Link’s core clients include municipalities of 5,000-70,000 inhabitants in more than 60% of US states, believes there are several reasons why not one municipality in the US has experimented with bitcoin.
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Topic: [2017-01-10] US Municipalities Hesistant on Bitcoin (Read 218 times)
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