Topic: Colorado residents can pay in cryptocurrency for driver's license renewal - page 2. (Read 221 times)
September 03, 2023, 12:07:01 PM
It would be good if it is also accepted here in my country where one of their payment method is BTC when I renew my driver's license but sadly, it isn't but maybe in the future they wil also accept it. Cryptocurrency is not banned in my country but in the province where I live, I don't think there are lots of people who knows crypto and even my cousin knows that I earn money in crypto but he still doesn't want to learn at all. The reason he is not good with English when you can learn it online.
September 03, 2023, 11:36:44 AM
I have seen a similar post here on the forum in relation to this where the company is willing to accept bitcoin payments from their customers, but that's in connection with PayPal, which requires the customers to pay both the fee that they will be charged and that of PayPal, which I see as something that will relatively cost more than using a normal payment system.
I don't see all this kind of crypto news as something beneficial to bitcoin, but rather as a promotional strategy by the PayPal company to expand their business to the next level, where they have to partner with big companies in agreement to some terms with respect to how both will benefit from such business.
But ordinarily with such terms, unless those who have crypto on their PayPal already and don't have anything to do with it, that will easily be the idea for those who want to try out some kind of new payment system, if not the terms, requirements, and fees are not much different from normal fiat payments either with bank transfer or cash deposit.
I don't see all this kind of crypto news as something beneficial to bitcoin, but rather as a promotional strategy by the PayPal company to expand their business to the next level, where they have to partner with big companies in agreement to some terms with respect to how both will benefit from such business.
But ordinarily with such terms, unless those who have crypto on their PayPal already and don't have anything to do with it, that will easily be the idea for those who want to try out some kind of new payment system, if not the terms, requirements, and fees are not much different from normal fiat payments either with bank transfer or cash deposit.
September 03, 2023, 10:27:14 AM
At first, i thought it was good news for the crypto industry but when I read the article my joy faded out. Users can pay by cryptocurrencies through PayPal. What are the points of paying cryptocurrency then? I will just use Fiat to pay my bill! There is no mention of whether they will accept Bitcoin or not but they have said they will accept PayPal cryptocurrencies which could mean their own stablecoin. They have also said that a user can select any specific Crypo currencies to pay bills so there will be multiple crypto assets that will be accepted and Bitcoin can be among them.
Source: https://dmv.colorado.gov/press-release/mydmv-now-accepts-cryptocurrency-as-payment-for-dmv-services
Source: https://dmv.colorado.gov/press-release/mydmv-now-accepts-cryptocurrency-as-payment-for-dmv-services
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