A state in the United States of America has announced plans to accept cryptocurrency for state services. This has immediately fuelled strong speculation about the future of digital finance.
According to PANews, the move by Ohio State signals a crucial shift, as government agencies appear to be transitioning toward accepting and regulating digital currencies rather than viewing them purely as a threat.
Ohio’s approval for crypto payments signifies a shift toward digital finance, likely boosting its adoption in state services.
Ohio’s decision to permit cryptocurrency payments is expected to increase its use throughout government services, marking a clear move towards digital finance.
The Ohio State Depository Board has unanimously approved a vendor proposal to support cryptocurrency payments, including Bitcoin, for state government fees and services.
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Ohio Secretary of State Frank LaRose noted that the relevant departments handle hundreds of thousands of transactions annually and have seen a growing demand for cryptocurrency payment options.
This initiative is part of Ohio’s broader efforts to advance digital asset legislation, which includes a blockchain protection bill and a Bitcoin reserve proposal.
TVC previously reported that the publicly listed technology firm ALT5 Sigma plans to sell $1.5 billion of its shares to finance the acquisition of a cryptocurrency, a new digital currency created by World Liberty Financial, a company under the control of the Trump family.
World Liberty Financial, a cryptocurrency firm established by the Trump family last year, announced on Monday that a publicly listed technology company would begin purchasing a large volume of its unique digital coin.
The firm announced that a little-known tech company called ALT5 Sigma is gearing up to sell $1.5 billion worth of shares, using the proceeds to buy $WLFI, a cryptocurrency created by World Liberty, The NewYork Times reported.
