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Topic: Ohio accepts Bitcoin! - page 3. (Read 813 times)

jr. member
Activity: 336
Merit: 5
Most Advanced Crypto Exchange on the Blockchain
November 26, 2018, 11:41:49 AM
#12
It gives more credibility when government departments start accepting bitcoin, from there it will branch out to other areas as we move towards mass adoption of crypto
hero member
Activity: 2646
Merit: 686
November 26, 2018, 11:39:36 AM
#11
Hi guys,
I saw this article: https://cointelegraph.com/news/ohio-appears-to-be-first-us-state-to-accept-bitcoin-for-taxes-wsj-report
which is about payments allowed in the US state, Ohio, that allows tax payments with bitcoin.
It's really cool that everyday more and more states/countries are starting to allow cypto payments. There is a real potential here i guess.

I think that in the future we might or we should have also some sort of marketplace that allows buying/selling from bananas to cars with cryptocurrencies. Won't that be cool?

Hey this is great news for the residents of Ohio, this will give them another way to pay them taxes, and will surely increase the amount of taxes they collect. I remember a year back there was lot of discussion whether governments would accept bitcoins as legal tender, and today we finally see it happening. I hope this leads to more governments accepting it, however it will be a while before we see results from it.
full member
Activity: 476
Merit: 100
November 26, 2018, 11:19:18 AM
#10
of course I hope that bitcoin will make the currency in the future so we will use bitcoin buying / selling because bitcoin is making the current trend with many bitcoin users even some countries that accept bitcoin with transactions that are fast and security is guaranteed.
legendary
Activity: 3374
Merit: 1824
November 26, 2018, 11:18:36 AM
#9
Hi guys,
I saw this article: https://cointelegraph.com/news/ohio-appears-to-be-first-us-state-to-accept-bitcoin-for-taxes-wsj-report
which is about payments allowed in the US state, Ohio, that allows tax payments with bitcoin.
It's really cool that everyday more and more states/countries are starting to allow cypto payments. There is a real potential here i guess.

I think that in the future we might or we should have also some sort of marketplace that allows buying/selling from bananas to cars with cryptocurrencies. Won't that be cool?

WOW
I can't believe it!
They allows tax payments with bitcoin.
In my country, central bank issued statement that bitcoin is not currency or financial asset.
So, even to report income from crypto is very difficult.
Those people in Ohio are so lucky Smiley
legendary
Activity: 1050
Merit: 1003
November 26, 2018, 11:06:17 AM
#8
Tax payment in terms of bitcoin is not new even Switzerland has the same provision.
jr. member
Activity: 458
Merit: 2
November 26, 2018, 11:05:33 AM
#7
An awesome news coming from the state of Ohio. This will surely ease the stress of paying directing with fiat and cutting off high charged that may be incurred. Mass awareness and adoption increasing gradually.
legendary
Activity: 3542
Merit: 1352
Cashback 15%
November 26, 2018, 11:05:13 AM
#6
I never thought that I'd actually see this day; 3 yrs ago, we're just speculating about governments accepting bitcoin as a form of payment for taxes, and 3 years later Ohio is doing it, albeit the help of a 3rd party payment processor Bitpay. Overall this is a step towards a brighter future for bitcoin and its use-cases; awareness would also be raised since people would be curious on what is bitcoin and why can it be used for tax-related payments.
brand new
Activity: 0
Merit: 0
November 26, 2018, 09:19:26 AM
#6
I agree with that globalization of btc will raise its price  but on the other hand here comes some chances that BTC could be more manipulated
copper member
Activity: 54
Merit: 7
Sparklemobile.io
November 26, 2018, 09:22:04 AM
#5
GREAT NEWS! One step closer to mass adoption!  Wink
member
Activity: 686
Merit: 15
November 26, 2018, 09:15:13 AM
#5
It will only help to create more awareness about the bitcoin. I doubt this will have any bullish effect on the BTC price. We need real use case and one that could store it and use it across millions of client and even form a core part of their business.
newbie
Activity: 14
Merit: 0
November 26, 2018, 08:59:09 AM
#4
Great News! Globalization of btc will raise its price. At first, people pay taxes with btc, then they buy goods with btc, and this way btc becomes a global currency. The more use cases, the better!
jr. member
Activity: 140
Merit: 2
FUTURE OF SECURITY TOKENS
November 26, 2018, 08:56:12 AM
#3
Well if the above news is true then this is another great step in the spread of cryptocurrency globally and we welcome more of this in the future. But about the taxation I am confused about who will the tax be paid to since cryptocurrency is volatile
mk4
legendary
Activity: 2870
Merit: 3873
Paldo.io 🤖
November 26, 2018, 08:14:36 AM
#2
Even though that they're accepting bitcoin through BitPay, meaning that your bitcoin will be automatically sold for fiat at point of sale, it's still good news in my opinion. Certain entities that gives people the option to pay for whatever through bitcoin is always good.

I think that in the future we might or we should have also some sort of marketplace that allows buying/selling from bananas to cars with cryptocurrencies. Won't that be cool?
Take a look at OpenBazaar[1]. It's a decent potential high-volume market in the future, but it's not that good as of the moment.


[1] https://openbazaar.org/
newbie
Activity: 25
Merit: 0
November 26, 2018, 07:51:02 AM
#1
Hi guys,
I saw this article: https://cointelegraph.com/news/ohio-appears-to-be-first-us-state-to-accept-bitcoin-for-taxes-wsj-report
which is about payments allowed in the US state, Ohio, that allows tax payments with bitcoin.
It's really cool that everyday more and more states/countries are starting to allow cypto payments. There is a real potential here i guess.

I think that in the future we might or we should have also some sort of marketplace that allows buying/selling from bananas to cars with cryptocurrencies. Won't that be cool?
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