- Look like it won't be something mandatory. They won't be forced to accept cryptocurrency as a payment mean.
Are they even able to enforce such a thing?
We're not talking here about accepting a payment method in a legal tender but a completely different type of payment.
Using a 3rd party. From a government point of view, very danngerous to include private companies in your business.
They are already using that for taking debit and credit card payments, the middleman is already there, for them to process a debt card or a payment made via a thrid party to the same bank account is not a real difference, plus they will always have the option of making the client pay for that, I was actually amazed that till recently a lot of those agencies were charging you extra to pay with a card, so one can expect some extra fees of 1-3% with a crypto payment.
Even if it's obviously going to be far more than ideal, it's still better than what we have currently, which is nothing!
So the smaller places if they do would use 3rd party, but I could see the DMV running their own. And probably having worse conversion rates then Coinbase but I'll rant about that if and when it happens.
-Dave
Since in some states the DMV still charges like 1.99% for CC, pretty obvious they will do the same thing, I don't see any organization being that generous unless the cost will be directly funded by the state.
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